CEE nations' niche markets can boost Belt & Road push

Central and Eastern European nations can provide various niches to take the China-driven Belt and Road Initiative to a higher level, global business advisory firm PwC says.

PwC Partner and CEE/CIS Clients and Markets Leader Piotr Romanowski said that China can leverage the CEE countries' four major niches - infrastructure and logistics, manufacturing technology, supply chain management and unexplored agricultural land resources - to expedite the B&R push.

US credit rating agency Fitch Ratings said projects worth $900 billion were planned or underway under the B&R Initiative.