Companies are missing out on capitalising on the Beijing government's new infrastructure initiatives, thereby missing out on potential business opportunities, warns HSBC. In a survey of over 1,600 senior executives across 14 countries, 41% were aware of the business opportunities presented by the Chinese government's "belt and road" plan, but only 7% of them were capitalising on it. The "belt" refers to the overland Silk Road trading routes linking India to Europe and the Middle East, whilst "road" refers to its maritime connections in the south with Africa, China and Southeast Asia. HSBC says the "belt and road" plan will impact trade in 64 nations, home to around two-thirds of the global population.
Companies are missing out on capitalising on the Beijing government's new infrastructure initiatives, thereby missing out on potential business opportunities, warns HSBC. In a survey of over 1,600 senior executives across 14 countries, 41% were aware of the business opportunities presented by the Chinese government's "belt and road" plan, but only 7% of them were capitalising on it. The "belt" refers to the overland Silk Road trading routes linking China to Europe and the Middle East, whilst "road" refers to its maritime connections in the south with Africa, India and Southeast Asia. HSBC says the "belt and road" plan will impact trade in 64 nations, home to around two-thirds of the global population.