Exploring Belt and Road Opportunities.docVIP

Exploring Belt and Road Opportunities 　　Gao Fei， a Chinese engineer with a 3-year-old daughter， had been working for the Malaysia-based subsidiary of the Metallurgical Corp. of China （MCC）， a Chinese state-owned enterprise （SOE）， for nearly three years. 　　“When I left China to work in Kuala Lumpur， my daughter was just 2 months old. Now that I am back， I am like a stranger to her because I have missed many important stages in her growing up process，” Gao said. 　　Gao often regrets his failure to be with his family in China because of his work. Like him， there are millions of Chinese professionals who have given up their traditional domestic lives to serve SOEs’ overseas projects. 　　 Expanding overseas markets 　　Since President Xi Jinping put forward the Silk Road Economic Belt and the 21st-Century Maritime Silk Road （Belt and Road） Initiative in 2013， centrally administered SOEs have laid an emphasis on countries along the Belt and Road， which are home to 4.4 billion people， 63 percent of the world’s total， with their economic aggregate hitting $21 trillion， 29 percent of the global total. 　　By the end of 2014， more than 100 such SOEs had set up over 8，500 overseas branches in roughly 150 countries and regions. Over 80 had established subsidiaries in countries along the Belt and Road， according to a Belt and Road roadmap for Chinese enterprises released by the State-Owned Assets Supervision and Administration Commission of the State Council in July 2016. 　　As globalization and regional integration progresses， many Chinese SOEs have set out to find new opportunities. In pursuit of global development， MCC established a wholly owned subsidiary， MCC Overseas Ltd.， which has now grown into a project management and service company. 　　“Transforming from entirely depending on the export of labor services to giving full play to innovation and capital advantages， the company is now capable of providing comprehensive and customized solutions for construction project