Photo taken on April 24, 2021 shows the Chinese-built Mombasa-Nairobi Standard Gauge Railway in Kenya. (Xinhua/Li Yan)
BEIJING, March 14 (Xinhua) -- A 2021 research shows that 1,276 out of about 3,000 listed firms in China reported proactive efforts to participate in the Belt and Road Initiative (BRI) in 2020, with the total business volume reaching 4.4 trillion yuan (about 694.1 billion U.S. dollars), reported Shanghai Securities News on Monday.
Conducted by the China Association for Public Companies (CAPCO), the results of the research indicate that China's listed companies import from Belt and Road countries more than export to them, which boosts production supply in those countries.
In 2020, listed companies witnessed an improving trend in various business lines, allowing the firms to remain optimistic about future development in the next three years, according to the research result, which also reveals that renminbi settlement appears to be advantageous in construction projects, while U.S. dollar remains the mainstream settlement currency.
Ever since the CAPCO set up a special working group dedicated to BRI research in 2018, the association has been paying continuous attention to BRI development and looking for ways to promote more in-depth cooperation under the initiative, in a bid to provide a communicating platform for listed firms' global practice, as well as to showcase their achievements and first-hand experience in co-building the BRI, said a CAPCO representative.
In the future, the CAPCO will continue to support listed firms to achieve steady and sustainable development of the BRI through efforts such as building win-win cooperation platforms, establishing regular communication mechanism, guiding the companies to strengthen compliance development, and encouraging them to actively fulfill social responsibility.
(Edited by Yu Huichen with Xinhua Silk Road, yhc0267@163.com)
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