EU official: China's Belt and Road needs to be more transparent for our companies to buy in [CNBC]
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Source: CNBC
EU official: China needs to be more transparent about the Belt and Road to get more buy-in European banks and companies may be interested in participating in China's major globe-spanning investment initiative — but first, they need to actually learn more about its details, according to a top European Union official. Speaking with CNBC on Thursday from Beijing, European Commission Vice President Maros Sefcovic said his conversations with major companies indicated that China needed to be more transparent if it wants to win European corporate buy-in for its "Belt and Road." That initiative, a cornerstone of Chinese President Xi Jinping's foreign policy, seeks to create a massive web of shipping, rail, road, and digital networks that establishes Beijing as a linchpin for the world. China is reportedly seeking more outside involvement in its bid to invest in and support that infrastructure development, and Sefcovic is part of a lengthy list of global officials attending this week's Belt an
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