Belt and Road to spur Chinese firms' European push

The Belt and Road Initiative is poised to help Chinese companies increase business with Central and Eastern European countries.

The companies are looking to establish more quality manufacturing facilities, infrastructure projects and research and development centers in these European nations - seeking a larger foothold in a lucrative market.

The Belt and Road Initiative, proposed by President Xi Jinping in 2013, aims to build a Silk Road Economic Belt and 21st Century Maritime Silk Road.