Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / The Third China International Import Expo

    CIIE promotes State, foreign firms' tie-ups

    By ZHONG NAN in Shanghai | China Daily | Updated: 2020-11-06 09:16
    Share
    Share - WeChat
    An employee from Elkem (left), a subsidiary of State-owned China National Chemical Corp, addresses a visitor's queries during the third China International Import Expo in Shanghai on Thursday. [Photo by Wang Zhuangfei/China Daily]

    Shanghai event 'great platform' for companies to deepen cooperation

    The third China International Import Expo is promoting wider and deeper collaboration between China's State-owned enterprises and businesses around the world. This further testifies the country's commitment to opening-up, said business leaders from both domestic and foreign companies.

    The majority of China's 98 centrally-administered SOEs-including China State Shipbuilding Corp, China Grain Reserves Group Ltd and China State Construction Engineering Corp-have all signed purchase and cooperation deals with foreign companies such as Siemens, Honeywell, ABB and Dow Chemical during the third CIIE being held in Shanghai from Thursday to Tuesday, said the State-owned Assets Supervision and Administration Commission of the State Council.

    "The appeal of the previous two CIIEs was beyond our expectations and the feedback was overwhelming. It has opened a brand-new world for our businesses to better connect with other leading global companies to develop projects across the world, especially in markets related to the Belt and Road Initiative," said Wang Tongzhou, chairman of Beijing-based China Communications Construction Co Ltd.

    For instance, Japanese businesses are proficient in forming consortia to conduct projects in overseas markets. These can be formed by manufacturers, infrastructure project contractors, banks, insurance companies, and other types of service suppliers, he said, adding that Chinese companies can learn from this practical method and deepen cooperation with their Japanese partners.

    "As an international carrier, we are always committed to working with global suppliers and partners to better serve our passengers. And the expo has provided us a great platform for sourcing and collaboration," said Wang Changshun, chairman of China Southern Airlines.

    Jeffrey Wong, head of advisory for China business at global consultancy KPMG, said as many economies have been forced to a standstill due to the COVID-19 pandemic, the CIIE is a great opportunity for global companies interested in expanding in the Chinese market.

    More than 70 percent of Fortune 500 companies and major players from different industries, including many newcomers, are in Shanghai for the expo this year, and some of them have already signed up for the event for the next three years, with the expo emerging as the platform of choice for many to launch new products and showcase new technologies, according to the CIIE Bureau, the event's organizer.

    China is accelerating a new development pattern in which the nation's domestic and international-focused economic engines support each other. This will create more opportunities and space for foreign companies to develop in China, and will help foster new advantages for multinational companies to cooperate with Chinese counterparts, especially SOEs, Wong said.

    As China rolls out its 14th Five-Year Plan (2021-25), he said Chinese companies must not only be aligned with the country's goals for the development of the domestic economy, but also pay close attention to global economic and commercial trends. In addition to addressing the individual challenges they face, they should benchmark their practices against industry-leading firms both at home and abroad.

    "Therefore it is necessary for SOEs to strategically develop entire value chains surrounding their products and services, while promoting lean management, innovation and reform," said Wong. "While having a long-term vision for future development is critical, they must also develop sufficient short-and medium-term development goals."

    The ability of SOEs to develop systematically by demonstrating clear vision, vitality, capacity building and industry deployment defines the objective of "high-quality growth", he added.

    "We expect SOEs to build more scientific and assessable cost and performance management systems centered on institutional innovation, management transformation and cost optimization," he said, adding that this will be an important starting point for SOEs to improve cost and performance management, enhance the comprehensive effect of reforms and boost technological innovation.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    精品欧洲av无码一区二区14| 成在人线av无码免费高潮水| 国产精品无码DVD在线观看| 中文字幕一二三区| AV成人午夜无码一区二区| 精品亚洲AV无码一区二区三区| 中文字幕无码精品亚洲资源网久久 | 亚洲AV无码日韩AV无码导航| 无码专区中文字幕无码| 播放亚洲男人永久无码天堂| 伊人久久综合精品无码AV专区| 中文字幕免费观看| 色吊丝中文字幕| 久久激情亚洲精品无码?V| 无码人妻精品一区二区三| 无码夫の前で人妻を侵犯 | 国产一区三区二区中文在线| 亚洲男人第一无码aⅴ网站| 国产爆乳无码视频在线观看| 亚洲日韩精品一区二区三区无码| 亚洲天堂中文字幕在线| 中文字幕一区二区精品区| 中文无码久久精品| 高清无码中文字幕在线观看视频| 国产精品无码素人福利不卡| 日韩网红少妇无码视频香港| 亚洲AV无码一区二区乱子伦| 国产成人麻豆亚洲综合无码精品| 最近免费中文字幕中文高清| 中文字幕一区视频| 最近中文字幕大全免费视频| 亚洲制服中文字幕第一区| 午夜视频在线观看www中文| 亚洲日产无码中文字幕| 熟妇人妻VA精品中文字幕| 无码中文av有码中文a| 色噜噜综合亚洲av中文无码 | 亚洲中文字幕伊人久久无码| 亚洲美日韩Av中文字幕无码久久久妻妇| 国产免费久久久久久无码| 亚洲成A人片在线观看无码3D|