Business alliance BRICA to help companies tap Belt and Road Initiative

Han Yong, commercial counselor of the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce, speaks at the conference in Beijing on Dec 21, 2016. [Photo provided to chinadaily.com.cn]

Foreign direct investment by Chinese companies in 53 countries within the Belt and Road area reached $13.35 billion between January to November, accounting for 8.3 percent of the total FDI, according to the Ministry of Commerce.

During the first 11 months, the value of contracts awarded to Chinese companies in 61 countries along the Belt and Road reached $100.36 billion.

Commercial counselor of the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce Han Yong highlighted the complex situation of overseas investment and warned against homogenous completion of contracted projects.

In order to help companies find appropriate and trustworthy projects, meet their demand for professional services and help them overcome language barriers, a Belt and Road cloud platform was released at the conference.

The platform, developed by Brlinked (Beijing) Information and Technology, can certify enterprises and projects with its standardized certification system and provide counseling, legal, insurance and financing services, as well as language services.

More than 300 business leaders, experts and scholars attended the conference.