By: Han Ting-ting and Ted Chen
Taipei, April 5 (CNA) As China’s “One Belt, One Road” strategy and its Asian Infrastructure Investment Bank initiative gather steam, Taiwanese companies are likely to benefit from the immense surge in construction projects anticipated throughout Asia, according to Taiwan-based institutional investors.
The Asia Development Bank has estimated that annual demand for capital to fund basic infrastructure investment among governments in Asia will reach US$730 billion by 2020.
China International Capital Corp., the largest investment banking and research firm in China, said it anticipates that Beijing will pour more than US$1.65 trillion into its “one belt, one road” strategy over the next decade, much of which will flow to neighboring nations in Asia. [FULL STORY]