Nonpublic sector at the forefront of BRI efforts

A large proportion of investment activities associated with the Belt and Road Initiative have been spearheaded by the private sector, and the trend will continue, said a top former central bank official.

Zhou Xiaochuan, president of the China Society for Finance and Banking and the former governor of the People's Bank of China, the central bank, said during the recent CIC Forum 2018 that non-governmental capital accounted for the bulk of funding for BRI-related projects.

"Most of the future opportunities for the BRI will come from non-governmental business cooperation, and we must take business sustainability into consideration when seeking funding for BRI projects," said Zhou.