Lack of transparency in China's Belt and Road projects: EU firms

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 10%
  • Publisher: 66%

A lack of information and transparency are top barriers for European companies seeking involvement in China's Belt and Road Initiative, according ...

Singapore Headlines News

Singapore Latest News, Singapore Headlines

BEIJING: A lack of information and transparency are top barriers for European companies seeking involvement in China's Belt and Road Initiative (BRI), according to a survey published Thursday (Jan 16) by the European Union Chamber of Commerce in China.

Of the companies that bid to participate in BRI projects, only 10 per cent got wind of the project through publicly available information. Such an approach may enable projects to be completed swiftly but it is"profoundly disconcerting" to the European business community as it removes meaningful competition, it said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European firms say China policies keep them from Belt and Road projects: ReportBEIJING (BLOOMBERG) - European companies have been largely excluded from Chinese President Xi Jinping's Belt and Road Initiative due to the dominant role of China's state-owned enterprises and opaque bidding processes, the European Chamber said, raising questions about the country's commitment to opening the program to the world.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

China's Xi visits Myanmar to drive home Belt and Road planChina's President Xi Jinping arrives in Myanmar this week to nail down multi-billion-dollar infrastructure deals in a country abandoned by many in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China's Xi visits Myanmar to drive home Belt and Road planChina's President Xi Jinping arrives in Myanmar this week to nail down multi-billion-dollar infrastructure deals in a country abandoned by many in the West appalled at the 'genocide' of Rohingya Muslims on leader Aung San Suu Kyi's watch. Xi's two-day visit, his first as president
Source: YahooSG - 🏆 3. / 71 Read more »

China Everbright proposes 3b yuan bond issue in ChinaChina Everbright proposes 3b yuan bond issue in China.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US-China trade deal: Phase One commodity targets likely more than China can chew, say analystsBEIJING/SINGAPORE (REUTERS) - Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase One of their trade deal.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US-China trade deal details protections for American firmsWASHINGTON (NYTIMES) - The trade deal that US President Donald Trump will sign on Wednesday (Jan 15) includes commitments by China to curtail practices that American firms complain put them at a disadvantage and force them to hand over valuable intellectual property to Chinese firms, according to several people with knowledge of the deal.. Read more at straitstimes.com. Seriously ? Ridiculous.
Source: The Straits Times - 🏆 8. / 63 Read more »