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One Belt and One Road – New Stage for China Construction Machinery

Publication Date: 2018-03-26
In September and October of 2013, President Xi Jinping proposed to build a top-level national strategy for the "Silk Road Economic Belt" and "21st Century Maritime Silk Road". This is not only a century-old plan for China's economic development, but also a strategic plan that benefits our future generations. In December 2015, the Asian Infrastructure Investment Bank was established to focus on supporting infrastructure development in Asia. It aims to promote the process of building interconnection and economic integration in the Asian region. However, creating member countries is not just an Asian country and covers the world. All continent countries. The establishment of the Asian Infrastructure Investment Bank is a strong support for the “One Belt and One Road” strategy. The infrastructure construction is showing a global trend, and its scale is also unprecedented in history. In the founding of New China, China established a complete industrial system of which the United Nations recognizes 39 categories that all developed countries are looking for. Construction machinery is one of the best, especially in the rapid development of the past decade. China's construction machinery has formed a large number of brands and products. With the strong competitive advantages of serialization, diversification of specifications and models, production scale, and quality standardization, China has become the country with the most complete categories and specifications of construction machinery, and the largest volume of production and sales. In the top 50 global engineering machinery manufacturers in 2017 There are nine Chinese manufacturers listed among them, becoming the best stepping stone for Chinese construction machinery entering the global market. After four years of development, the “Belt and Road” has expanded from more than 60 countries along the way to more than 130 countries. The importance of the “One Belt and One Road” is evident. Most of these countries are developing countries, suffering from war or poverty and backwardness. Weak infrastructure, support from China’s investment, assistance, and Asian infrastructure investment banks, and the strong technical strength of Chinese engineering companies, coupled with the strong construction capabilities of China’s engineering machinery, have won the welcome and trust of these countries, and Myanmar’s coal power, Pakistan’s Gwadar Port, Africa’s Inner Mongolia Railway, and Ethiopia’s water supply projects have all become China’s business cards. In Harold, the ancient city of Ethiopia, a businessman named Hachem was the beneficiary of the “Belt and Road Initiative.” He took advantage of the Chinese company’s overseas water supply projects to make a fortune, and established his own first-class engineering construction company. As long as China Construction Machinery seizes the opportunities brought by the “Belt and Road Initiative,” it will be able to develop different users. It will not only be able to cooperate with Chinese overseas companies, but also be able to unite with local companies and individuals, and the potential for development will be enormous. “One Belt and One Road” is a strategic decision for economic and cultural development that spans a large area and has a long duration. If China’s construction machinery seizes this opportunity, it will be embarked on the road to sustainable development. (Author: Hou Yuhui Tianjin Xin Road and Bridge Construction Co., Ltd.)

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