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As the incubation period for projects associated with the Belt and Road Initiative usually takes some time, which means many projects cannot make a profit in the short term, he said it is necessary to finance the projects through combined channels including policy banks, development finance institutions, government funds and other resources.
As the Chinese market grows bigger and more mature, immeasurable purchasing power will be created, which will provide wider markets both for China and the world, Wang added.
As well, the disruption is starting to pinch citizens who count on a variety of public services, beyond those who've been finding gates closed at national parks. For example, the government won't issue new federal flood insurance policies or renew expiring ones.
As the Chinese construction machinery bellwether, XCMG has maintained its top position for 29 years, and has become the world's sixth-largest construction machinery manufacturer to date. But Wang has bigger ambitions. Wang said he is optimistic about getting the group into the world's top three by 2025.
As two responsible countries and comprehensive strategic partners, China and Germany should jointly influence the world positively and help stabilize the world, he said.
