Investment and Financing under the Belt and Road Initiative (BRI): EU and Chinese stakeholders share their views at European Business Summit 2018

Bent and Road Initiative_EBS 2018

Roundtable: Visions and Actions. China-EU Dialogue on the Belt and Road Initiative . Panel discussion: Investment and Financing under the BRI. (The European Sting, 2018)

The Investment and Financing under the Belt and Road Initiative (BRI) panel concluded the much promising and enlightening views of the EU and Chinese stakeholders on the visions and actions required for the cooperation between Europe and China under the BRI.

The panel discussion commenced with Shada Islam of Friends of Europe asking the German panelist, MEP Helmut Scholz, about the opinion of the European Parliament on BRI the moment EU’s responses on BRI are still mixed according to the moderator. Helmut Scholz said that “investments and projects have to serve certain interest and contribute to the development on the concerned areas”. Furthermore, the German MEP stressed that there might be an issue concerning the loans of the countries which are economically vulnerable and asked the panelists who represented the banks to answer whether the Belt and Road Initiative could be a temptation for financial sharks.

Wu Zhifeng, Director of International Strategy Department of Research Institute of China Development Bank, mentioned that since the financing of BRI is so big, we are going to need all the tools we can get in order to be able to benefit the most. Wu Zhifeng also pointed that global cooperation is very important as “China cannot do it alone”.

Johan de Wit, Vice President of the Bank of Beijing, later took the floor to address the issue of investments and financing of the BRI. Johan de Wit spoke about the opportunities of the BRI but underlined that EU companies have still a long way to go till BRI is fully exploited.

Luisa Santos, Director for International Relations of BusinessEurope, started by questioning the existence of opportunities from the EU side. This Director of BusinessEurope wandered whether this is a problem of EU, China or both as there are EU companies in China but opportunities are not materialised yet. Ms Santos highlighted that firms must be aware of the liabilities and opportunities of a project in order to be able to apply for it. What is more, she mentioned that rules and conditions of contracts must be absolutely clear, without small letters, in order for the companies to be able to take a loan.

Lara Zheng, Executive assistant to President of EUPIC China Segree Dai, was the last panelist to discuss BRI. Lara Zheng, after thanking the rest of the panelists, introduced EUPIC, which is a non-profit organisation established in China promoting business cooperation between the EU and Asia, and the city of Chenghu to the audience. Ms Zheng also spoke about an EUPIC pilot project which is independent, self-sustainable, supports the EU – China cooperation and is meant to benefit EU stakeholders who want to enter the Chinese market.

To sum up, it was quite clear during the panel discussion that investment and finance is crucial for the BRI which is not yet fully exploited and has a lot more to contribute both to the EU and China.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Fossil fuel support is rising again in a threat to climate change efforts

Hiring more female leaders is good for profits. Here’s the evidence

We won’t win the online security war without people power

Alcohol abuse kills three million people a year, most of them men – WHO report

FROM THE FIELD: Rohingya babies conceived out of ‘incomprehensible brutality’

Europe’s dirty air kills 400,000 people every year

Vienna has the world’s best quality of living

EU Budget: InvestEU Programme to support jobs, growth and innovation in Europe

The EU finally seizes the opportunity to support the sharing economy?

The secret weapon in the fight for sustainability? The humble barcode

Drinking water: new plans to improve tap water quality and cut plastic litter

ECB should offer more and cheaper liquidity if Eurozone is to avoid recession

Eurozone again whipped by Greek winds

The US reject EU proposal for prudential financial controls

Eurozone: Uncertain future with unemployment ravaging the South

These five exercise trends will help society and your health

Chauvinism and xenophobia will lead to global assertiveness and more wars

North Sea fisheries: MEPs back EU plan to sustain stocks of demersal species

Reality Shock

European Semester Autumn Package: Bolstering inclusive and sustainable growth

Catalonia secessionist leader takes Flemish ‘cover’; Spain risks more jingoist violence

Satellites and data are going to help us phase out fossil fuels. Here’s how

EU migrant crisis: Germany, France and UK to show the way. Will the rest of the EU follow?

Brexit poses ‘particular risk’ to British people in poverty: UN independent expert

Civil protection: Parliament strengthens EU disaster response capability

MEPs approve boost to workers’ rights in the gig economy

“For my children Italy will be an innovation lab and not a museum”; the Sting reports live from World Economic Forum 2015 in Davos

Brexit: Only Corbyn and May in concert can make the needed compromises

Ebola in DR Congo: UN chief ‘outraged’ by recent killings of civilians and health workers

EC v Samsung: A whole year to compile a case

8 things we need to do to tackle humanitarian crises in 2019

German and French bankers looted the Irish and Spanish unemployed

UN chief lauds Fijians as ‘natural global leaders’ on climate, environment, hails ‘symbiotic relationship’ with land and sea

Tackling terrorism: MEPs approve tighter rules on homemade explosives

3 ways to use digital identity systems in global supply chains

European Commission recommends common EU approach to the security of 5G networks

With 10 million Yemenis ‘one step away from famine’, donors pledge $2.6 billion

Italy’s M.Renzi and Germany’s S. Gabriel veto austerity, ask EU leaders to endorse growth measures

Parliament: No consent to EU budget until €11.2 billion unpaid bills are settled

Syria: UN chief warns Idlib offensive may set off ‘humanitarian catastrophe’

Venezuela: Competing US, Russia resolutions fail to pass in Security Council

Climate Change: A Healthcare Emergency

Youth unemployment: think out of the box

Where labour costs the most (and least) in the European Union

How China raised the stakes for electric vehicles

Mali’s ‘self-defence’ groups must face justice, after deadly intercommunal attacks

Asylum seekers in Sri Lanka fear for their safety, in wake of Easter Sunday terror attacks

Indonesia’s imams are joining the fight against plastic bags

Miguel Arias Cañete European Commission

EU should invest more in climate and not sit back on its laurels and watch

European Youth Forum demands immediate action & binding agreement on climate change

Juncker’s Investment Plan in desperate need for trust and funds from public and private investors

MEPs urge the EU to lead the way to net-zero emissions by 2050

It’s time to switch to a four-day working week, say these two Davos experts

As the year closes out, UN political chief talks the art of diplomacy – and crises to watch in 2019.

Act now to end violence, Zeid urges Nicaraguan authorities

Rule of Law: Commission launches infringement procedure to protect the independence of the Polish Supreme Court

There’s a global learning crisis and it’s leaving millions without basic skills

Exchanges of medical students and the true understanding of global health issues

Businesses succeed internationally

These 4 trends are shaping the future of your job

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s