European Firms Get ‘Crumbs’ From China’s ’One Belt, One Road': Business Group

Container handlers transport containers at the railway port in Yiwu, Zhejiang Province, China on April 15, 2017. Reuters

BEIJING—China’s “One Belt, One Road” investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Jan. 16.

Opaque procurement processes and the dominance of giant state-owned Chinese companies mean European companies get only “crumbs from the table,” the European Chamber of Commerce in China said in a report.