Caterpillar executives advocate "The Belt and Road" to promote global economic growth 

The United States said the construction machinery and mining equipment manufacturer Caterpillar Inc executives two days before, China proposed "The Belt and Road" initiative "very far sighted", this initiative will boost global economic growth.

The Caterpillar Inc is responsible for engineering machinery business group president Tom Pelit said, in the face of weak global economic recovery, China proposed "The Belt and Road" initiative will undoubtedly "very far sighted", will bring huge investment in dozens of countries for initiative coverage, and all participating countries and participate in the enterprise benefit.

Pelit said that Caterpillar Inc had a very positive attitude towards the initiative". On the one hand, the initiative has attracted a large amount of investment, Caterpillar products have to follow China countries including contractors to participate in the "hundreds" of the project; on the other hand, the investment risk control The Belt and Road along the country's development in the future is likely to continue for thirty years, forty years, or even longer, he hopes the project in the future Caterpillar can upgrade to thousands of".

A study published in Washington, the European bank for reconstruction and development before the show, "The Belt and Road" initiative for the development of the national economy "very important", after three years of development, the promotion of economic growth effect has been revealed. Since 2014, more than 300 green investment projects have been announced by Chinese investors, with the total investment amounting to 75 billion 900 million US dollars.

Driven by Chinese investment, other investors, including the European bank for reconstruction and development, also increased investment in countries along the way. At present, the investment related to this initiative has been expanded from infrastructure to energy, communications and e-commerce.

Caterpillar (China) Investment Limited company chairman Chen Qihua said, the last century since 60s, Caterpillar has become an international operating company, its products to enter the market China in mid 70s, the company has become an important part of Chinese construction machinery market, established a good cooperative relationship with many China contractors. "Belt and Road Initiative" initiative provides a very good opportunity for the company to share the international development experience and Chinese contractor".

Chen Qihua also said, "Belt and Road Initiative initiative by China although proposed, but its investment from all over the world, other countries including the United States will benefit from. This initiative is, in fact, a global plan, and an important contribution to China's global economic governance.