SHANGHAI, Jan. 23 -- BHP, the world's leading resources company, sees new opportunities in China's economic transformation and the Belt and Road Initiative, said Arnoud Balhuizen, BHP's Chief Commercial Officer.
With an economic transformation in full swing in China, cities that traditionally relied on coal or steel industries have shut down some coal mines and steel mills to cut excess capacity and improve efficiency.
"With the blueprint and strategy of moving from high-speed growth to more sustainable and quality growth, the quality of resources will become more important," Balhuizen told Xinhua in an interview.
He said BHP will work with customers to ensure the delivery of stable, high-quality and sustainable resources.
China's resources imports have seen a steady growth in 2017. The imports of crude oil, iron ore and natural gas have grown by 10.1 percent, 5 percent and 26.9 percent, respectively, according to China Customs.
Boosted by China's rising demand for high-grade minerals, the price of iron ore, Australia's most important export, has been above the market expectations.
The Belt and Road Initiative also brings new opportunities to resources companies, he said.
BHP estimated that the initiative-related investment would drive significant demand for construction materials and equipment, leading to up to 150 million tonnes of new steel demand.
"Furthermore, with infrastructure construction connecting more countries, new trade opportunities and economic development will emerge," said Balhuizen. "I think the rest of the world is still underestimating the importance of this huge initiative," he said.
女子雄心
体坛英语资讯:German footballers start wave of donations in wake of COVID-19
做个快乐的发现者
国内英语资讯:China urges consistent efforts to keep COVID-19 from rebounding
体坛英语资讯:Tokyo 2020 chief says new dates for Olympics could be set next week
从那一刻起
二十国集团领导人布里斯班峰会公报(双语)[1]
体坛英语资讯:Feature: Football clubs provide online training for fans
坠入爱河后不可避免的22件事[1]
不走寻常路
国内英语资讯:Chinese mainland expounds on measures supporting Taiwan-funded enterprises
国内英语资讯:China supports UN, WHO playing due roles in global anti-epidemic cooperation: Xi
感受节日
战胜自己
生命,并没有结束
国际英语资讯:Turkeys COVID-19 cases exceed 146,000 as Irans tally surpasses 116,000
体坛英语资讯:Staying healthy is important at the moment, not sports, says Kipchoge
国际英语资讯:Russia reports over 10,000 new COVID-19 cases in 24 hours
和祖国在一起
我们一起走过
美国新冠感染病例居高不下 高校担忧国际生源流失
国内英语资讯:Xi calls for more international support for Africas COVID-19 fight
NOT GIVE UP 永不放弃
习近平在亚太经合组织工商领导人峰会开幕式上的演讲(双语摘要)
体坛英语资讯:Chinas Wu Lei confident of future career despite Covid-19 infection
不走寻常路
国际英语资讯:UK COVID-19 deaths hit nearly 34,000 as another 348 patients die
感谢你的对手
战胜自己
我想要去流浪