BRI offers blueprint for future of global economy, says Siemens president

The tangible development of the Belt and Road Initiative could become a new economic world order in the long run, thanks to its massive population base, growing demand for infrastructure and economic movement, said the global head of a German industrial group.

Joe Kaeser, president and CEO of Siemens AG, said from a long-term perspective, population determines economic growth. Even though it will take some time, the number of people determines the potential of economic development.

"If an initiative like the BRI unifies more than two-thirds of the global population, it will create massive infrastructure and economic movement which will build its own rules naturally," he said.