Infrastructure on the Belt and Road

Infrastructure on the Belt and Road

China’s belt and road: What happens after the gold rush
In the late 1990s, Islamabad-based entrepreneur Sheikh Ejaz Asghar heard rumblings from his recently established Chinese contacts in the Pakistani capital.  Beijing was going to finance several major infrastructure projects and its state-owned enterprises (SOEs) would need local service providers, both to help navigate their new operating environment and procure the vast volumes of materials that would be needed. Acting on this timely tip-off, Asghar began visiting China in 2000 to establish relationships with SOEs and manufacturers of materials he would need to import. He also learned Chinese, to facilitate his new-found business relationships and strengthen his hand in negotiations. “It wa