This so-called "going out" and "Belt and Road" is a very organized International agreement of trade organizations.
It's very huge with some real deep pocket backing.
I've read that this is actually over a 500 billion dollar industry.
Agricultural Bank of China serves the “Belt and Road” with its own characteristics:
"Agricultural Bank has always regarded the construction of the 'One Belt, One Road' service as a leading and pillar project of the Bank's internationalization strategy. In terms of development planning, policy support, and external cooperation, the system has been systematically planned, steadily advanced, and accumulated. The initial results were achieved." Zhou Mubing, chairman of the Agricultural Bank of China, previously wrote an article.
In terms of services, the “One Belt, One Road” international agricultural cooperation and industrial development, infrastructure interconnection, energy resources investment cooperation, economic and trade cooperation and other customers and projects will be the focus of support. In terms of policy support, we will coordinate the policy arrangements such as institutional layout, customer development, product innovation, and institutional processes to continuously improve customer responsiveness and service efficiency. In terms of resource security, we will focus on the management of financial, credit, capital, and human resources to the “Belt and Road”.
Establish overseas production, processing and transportation bases, and promote global industrial chain and trade network.
The outlets cover all border counties, national first-class ports and provincial-level ports. In recent years, the Agricultural Bank has achieved remarkable results in promoting border trade settlement and the use of the renminbi in neighboring countries. In Guangxi, Yunnan, Inner Mongolia and other provinces along the border, China-ASEAN cross-border RMB business center, Pan-Asian business center, and Mongolian cross-border RMB business center have been set up to facilitate the “One Belt, One Road” related through the establishment of an international financial cooperation platform. National trade and investment. The border trade business of the Agricultural Bank of Guangxi, Yunnan and Inner Mongolia Branch has maintained a leading position in the market for many years and made positive contributions to the prosperity of the people. In promoting the deepening of financial reform along the border, the Agricultural Bank has also achieved a number of “first first batches”, such as the first batch of regional listed banks that have become seven border currencies such as RMB against Vietnam, Mongolian Tugrik and Kazakhstan Tenge. The first batch of China, Mongolia, China and Vietnam RMB cash, as well as Vietnamese VND, Tugrik, Tenge and other five cross-border currency transfer qualifications.
In recent years, the Agricultural Bank has steadily promoted the layout of overseas institutions. Continuously improve the overseas network layout and steadily promote the international development strategy. Up to now, the Agricultural Bank has established 22 overseas institutions and one joint venture bank in 17 countries and regions. Among them, 6 institutions are located in the countries along the “Belt and Road”, and initially formed a major international financial center and close cooperation. National and regional overseas business networks. In addition, the bank further improved the global unified credit management mechanism for corporate clients to better meet the domestic and overseas financing needs of multinational corporations; establish a joint branch, domestic and overseas linkage service system, in terms of resource sharing, customer mutual recommendation, information communication, etc. A more effective domestic and foreign cooperation and communication mechanism has been formed.
2018-08-27 Author: Fuyun Wei Source: Economic Information Daily:
In the past few days, Chen Manli and colleagues are preparing for a group of middle-aged and elderly people. They will go to the famous European city of Budapest to participate in the “CEIBS International Folk Culture Exchange Festival” organized by “ Building Investment and Old 50+ ”.
As a company executive, Chen Manli told reporters that this holiday product named after the festival has been in operation for three years. The service target is the middle-aged and elderly people in China. The product market has a good response and the group quota is often occupied.
According to reports, this travel product design line runs through Central and Eastern Europe, and is highly compatible with the Silk Road Economic Belt. “At the beginning, we did not expect this route to be so popular. The results proved that as long as we find the right people and resources and provide good services, we can get through the market and create a world.” Chen Manli said. She also revealed three essentials for cross-border projects under the “Belt and Road Initiative” initiative: first, to understand the needs of specific customer groups; second, to improve supply-side quality and to find the most suitable target resources; Create time and space, institutional and cultural barriers with precise and appropriate services to create value by seamlessly connecting customer needs and product services.
Benefiting from the continuous warming of cooperation between China and the 16 countries of Central and Eastern Europe, the official exchanges have become institutionalized, and the non-governmental exchanges have entered the honeymoon period. The “ Building Investment and Old 50+ ” operation team has also received strong cooperation and support from the Hungarian official and guild organizations. Chen Manli said that the strategic direction was initially located in Central and Eastern Europe, rather than popular destinations such as Japan and South Korea, mainly because the choice of enterprises from the reality, focusing on meeting the multi-level needs of the domestic elderly group, providing attractive for middle-aged and elderly people. Overseas cultural tour products. "We later realized that this product has benefited from the 'One Belt, One Road' initiative in all aspects, and it has both contingency and inevitability," she said.
As a Chinese program to promote international economic and trade cooperation and humanities exchanges in the 21st century, the “One Belt, One Road” initiative has been proposed for five years, and it has been adapted to the trend of China’s economic transformation, global industrial chain transfer, and economic regional integration. The support of hundreds of countries and international organizations has greatly enhanced the level of policy communication, facility connectivity, trade smoothness, capital finance and people's hearts and minds, which contain unlimited business opportunities.
In the long run, only by relying on the innovation and creation of thousands of market players, the “Belt and Road” can truly take root and revitalize the vitality. In the author's view, it is necessary to take advantage of the “One Belt, One Road” approach to voyages to the sea. It is not enough to rely solely on enthusiasm and creativity. At least the following elements must be met: First, the countries that cooperated are friendly to China, and the political situation is stable. The economy is relatively mature and sound, and the infrastructure for China's infrastructure is better. Secondly, entrepreneurs insist on business, good at researching the market, researching products, and not talking about it; finally, the target country market is not saturated in some sub-sectors. Relevant enterprises can eat through two heads, be good at switching between the two markets, the two systems, and the two environments, so as to deepen the market segment and control key resources.
AI
