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Chinese Private Enterprises Accelerate the Layout in “The Belt and Road” Markets

Pubdate:2020-07-02 15:03 Source:未知 Click:

Introduction: Chinese Private Enterprises Accelerate the Layout of the Belt and Road markets. At the recent concluded Boao Forum for Asia Annual Conference 2017, "The Belt and Road" was a a hot topic. Chinese private enterprises have also shown unprecedented enthusiasm, accelerating the layout of markets along the line. Reporters learned that since last year, Chinese enterprises already had started to make further investment along "The Belt and Road" countries, and the direct investment had reached USD 14.5 billion. Chinese enterprises have established 56 business cooperation zones in more than 20 countries along the line, with an accumulative investment over USD 18.5 billion, which increased about USD 1.1 billion in tax and 180,000 jobs in the hose countries. A number of major infrastructure projects are progressing steadily. Especially in the "Made in China" and "China Service" fields, the influence of private enterprises is becoming more and more prominent, and are well welcomed by countries along the route.

For Chinese private entrepreneurs invested overseas in the early years, "The Belt and Road" has created a new opportunity in internationalization path. Li Dongsheng, Chairman of TCL Group, told the reporter that TCL will rely on "The Belt and Road", and look for new markets while consolidating the European and American markets. In 2017, TCL is building a manufacturing base in Pakistan, and also preparing a business office in India. In February, TCL Communication partnered deeply with Reliance Jio of India which is the world's fourth-largest mobile operator. Benefiting from new markets increased by "The Belt and Road", TCL TV sold more than 20 million units worldwide in 2016, ranking among the top three in the world and the first in China.

Benefiting from the favorable development of international market and demand expansion, Jinko Solar, which just become the largest photovoltaic producer in China, already started their layout according to the Belt and Road Initiatives, said by Qian Jing, vice president of Jinko Solar. Its plant in Malaysian has become the largest investment in photovoltaic industry in "going out " projects. Besides, this year, Jinko Solar also won the bid of world's largest single photovoltaic power plant investment project-Abu Dhabi large power plant project. In " The Belt and Road" countries, the reserve of power station projects of Jinko has reached more than 1GW.

The profitability of Chinese private enterprises is not only reflect in “The Belt and Road” countries, but also in the supporting for host countries in social benefits and innovation ability in its development of overseas business.

Gao Jifan, Chairman and CEO of Trina Solar, pointed out in his speech at Boao Annual Conference Sub-Forum that, "The Belt and Road" is a global collaborative of co-creation, sharing and win-win strategy. Under the current era of energy transformation, China's low-carbon transformation program should be carried out globally, promoting “The Belt and Road”countries achieve a leap-forward development in its energy utilization system construction.

"Now in the world, it is not an easy work to eliminate the traditional thermal power and nuclear power. New energy needs expansion, but traditional energy is not willing to make way. Low-carbon development is the basic direction of an era and is irreversible. China is promoting low-carbon reform on a large scale, its solar energy and wind energy have become global leaders.” Gao Jifan said. Gao Jifan suggested that China's low-carbon reform program should be promoted in "The Belt and Road" countries, and become a “China plan” implent in the world. For example, China's current model of “Photovoltaic Poverty Alleviation” could be promoted in the underdeveloped electricity-free areas of “The Belt and Road” countries. It can not only increase the local power supply, but also help with poverty alleviation, kill two birds with one stone.

In addition to traditional manufacturing companies and traders, Chinese innovative companies are spreading new business models. Dai Wei, founder of Bike-sharing company ofo, told reporters that its bike sharing services have entered the Southeast Asian and fall to the ground in Singapore. “We have just partnered with National University of Singapore to promote the popular bike-sharing model in China to local area. It is hope that China's innovative factors could take root locally.” For further layout of Chinese private enterprises based on "The Belt and Road", Qian Jing said that enterprises taking the favourable policies of "The Belt and Road" need to pay attention to risk control. She pointed that, at the corporate level, they need to deeply understand and analyze the characteristics, risks and opportunities of the second half of globalization, so as to better take advantage of these new changes. She also called on that banks to strengthen their assistance to overseas Chinese enterprises, support their local investment and provide competitive financing costs.

Reported by Economic Information Daily