Lack of transparency in China’s Belt and Road projects: EU firms

Channel NewsAsia | Jan 16, 2020 at 2:08 AM
  • BEIJING: A lack of information and transparency are top barriers for European companies seeking involvement in China’s Belt and Road Initiative (BRI).
  • A lack of information on deals and “non-transparent” procurement systems were the biggest barriers identified by European firms in the survey.
  • The EU Chamber urged China to take on an open and transparent procurement system for BRI-related projects as well as perform feasibility and environmental impact studies for them.