Can Empire Oil be part of this phenomenal growth in China & follow BHP Billiton's lead.
http://www.bhpbilliton.com/media-an...nt=21Century&gclid=CKqY1bimoNMCFQwjvQodlqIOnQ
Can Empire Oil be part of this phenomenal growth in China & follow BHP Billiton's lead.
Under President Xi’s sponsorship, serious money began to be ear-marked for projects under the OBOR banner, highlighted by the US$40 billion “Silk Road Fund”. A “Leading Group”2 reporting directly to the State Council was established. China is also the cornerstone investor in a new multilateral lending institution, the Asian Infrastructure Investment Bank (AIIB), which has already funded a number of major projects in OBOR countries.3
From a purely economic standpoint, OBOR provides a signal and a framework for Chinese firms to export their growing expertise in infrastructure, manufacturing and construction. The financing of OBOR projects offers an avenue for diversifying China’s foreign assets away from low yielding sovereign bonds to higher yielding real assets. In the second wave, the increasing prosperity of recipient countries, where shortages of basic infrastructure4 are a major impediment to improving the livelihoods of their citizens, will provide expanding markets for Chinese goods. China’s heavy industries, many of which are experiencing excess capacity after a decade of very strong investment sentiment, will enjoy having an additional outlet for their wares in both waves of this journey. This could help soften the blow of the inevitable restructuring that domestic economic rebalancing will entail.
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