Deloitte is targeting the so-called Belt and Road Initiative and Chinese companies expanding overseas as part of a $200m investment in its Chinese business.
The accounting firm says $40m is specifically directed at helping Chinese companies participate in Belt and Road – also known as One Belt, One Road, or OBOR, the moniker refers to China’s plan to build $900bn worth of roads, rails, ports, pipelines and other infrastructure joining China to Central Asia, Europe and Africa by land and sea.
“The Chinese government will continually ramp up support for and investment in areas such as energy infrastructure, technology and international industrial capacity cooperation,” said Vivian Jiang, deputy chief executive of Deloitte’s China division.
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