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China is definitely one of the company's targets. The report from Shenzhen-based Qianzhan Industry Research Institute showed that in 2017, China's smart home market totaled 334.2 billion yuan (.2 billion), growing 24.8 percent year-on-year. The market is estimated to maintain an annual compound growth rate of 21.4 percent until 2020, reaching 581.9 billion yuan.
China has translated 580 of its own standards and is translating more to facilitate global partnerships.
China is shifting toward a consumption-driven economy.
China is expecting the output of its environmental protection equipment manufacturing industry to reach 1 trillion yuan (0 billion) by 2020, as the country presses ahead with its green development plans.
China is already leading the initiative's financing efforts. At the B&R forum, China committed an additional .6 billion to the Silk Road Fund, adding to its initial billion in 2014.