To date, China's central SOEs had 9,112 overseas branches with gross assets reaching some 700 million yuan ($107.7 million). We have laid a solid foundation in the internationalization of the central SOEs at the current stage.
Today, we have truly made a difference. But compared with the world-class enterprises, we still have a long way to go.
On the one hand, we should learn from the good experience of the global enterprises, and on the other hand, we need to strengthen the cooperation and opening-up policy.
In the international market, enterprises and industries both see competition as a key element for promoting growth and it is understandable. However, cooperation is a prerequisite and basis of competition in order to achieve a win-win solution for both sides. In the era of highly developed information technology, there is little probability that just one enterprise or a project will be profitable while others will not.
In the next stage, the State-owned enterprises, especially central ones, shall sum up experience and draw a lesson on the basis of previous achievements. They shall go further and try their utmost to make contributions in the internationalization process.
Under the globalization of economic development, the internationalization process of the central SOEs is more difficult than before. It is a big challenge as well as an opportunity for us to learn and practice, become more open and do a good job of supervision. We should encourage the central SOEs to make further efforts to go global and push forward the internationalization process. We also need to optimize supervision measures and policies in the process.
(Executive editor: Hao Wen)