"I think the Belt and Road Initiative is going to move up the economic cycle and open up new possibilities for companies that will power in the future into many different senses," he said.
Invest Hong Kong, the organization that Phillips serves, is a branch of the Hong Kong SAR government and is responsible for facilitating foreign investment.
"What we're seeing is that companies are looking particularly at China, looking at global markets. It isn't just about the U.S. market. The U.S. community is an important part, but there are other markets. The Belt and Road Initiative is opening up new avenues in Asia for companies looking for opportunities in the region," added Phillips.
(Intern Sun Liyuan contributed to the reporting.)
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