US firms want in on One Belt, One Road spending

Xuzhou

AS China plans to build roads, rail lines, ports and airports across Asia, Africa and Europe, sceptics say that Chinese companies will be the only real winners from the initiative.

General Electric disagrees. In 2014, Chinese construction and engineering companies ordered US$400 million worth of equipment from GE to install overseas, overwhelmingly in the region that encompasses the effort, known as "One Belt, One Road". Last year, those orders totalled US$2.3 billion, and GE plans to bid for an additional US$7 billion in orders for natural-gas turbines and other power equipment in the next 18 months.