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SASAC seeks cooperation on economic globalization in Davos

Updated: 2019-02-01 (en.sasac.gov.cn)

The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) and 11 Chinese central SOEs attended the World Economic Forum annual meeting in Davos, Switzerland, on Jan 22-25.

More than 3,000 officials, business leaders, experts and media representatives from 100 plus countries and regions were present at the event focused on the theme Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution. They discussed how to embrace opportunities and challenges in economic globalization and the Fourth Industrial Revolution.

During the four-day event, SASAC Chairman Xiao Yaqing and leaders from 11 Chinese central SOEs hosted or took part in various activities, publicizing the spirit of remarks made by President Xi Jinping in Davos, Boao and at the first China International Import Expo, showing China's confidence in bright economic prospects and resolution on further deepening reform and expanding opening-up.

Xiao and central SOEs leaders attended the session of special address delivered by Chinese Vice-President Wang Qishan, hosted China Business Night  to discuss topics such as economic globalization, China's reform and opening-up and high-quality development with senior executives of 29 famous foreign firms and eight Chinese private companies, and participated in the sessions on advancing the Belt and Road Initiative and China's role in the future of global commerce, further publicizing the concepts of shared benefits through consultation and collaboration, as well as a community with shared future. They also called for expansion of opening-up and cooperation among enterprises from all over the world and offered suggestion on dealing with challenges, seizing opportunities and achieving inclusive  development.

Xiao had meetings with leaders  of multinational companies, such as BCG, Mercuria Energy, Trafigura, Bridgewater, Rio Tinto, Morgan Stanley, SAP, HSBC, Edelman, Glencore, Coca Cola, Siemens, and Swiss Re as well as Singaporean Finance Minister Heng Swee Keat and discussed issues of common interest.

Central SOEs leaders also attended sessions on the new market structure, new direction and driving force for globalization, governance on chemical and high-end material, as well as infrastructure and urban development policy, and had bilateral meetings with senior officials of foreign governments, heads of international organizations and leaders of multinationals and received interviews by Chinese and overseas media.

With joint efforts, they managed to make the voice of China heard, show their willingness of opening-up, and negotiate cooperation on projects, which not only help the central SOEs build up a good global image but also highlight the bright vision of strengthening international cooperation and achieving mutual benefits and win-win results with a more open and inclusive attitude.

COSCO Shipping and China National Building Material Group signed cooperation agreements on port development and energy management, taking full advantage of the WEF as a platform for promoting pragmatic cooperation.

During the activities, SASAC and Chinese central SOEs briefed on the reform, development and innovations centering on the decisions made by the Central Economic Work Conference of China, especially the achievement of opening-up and cooperation involving the Belt and Road construction. They also briefed on China's strong economic resilience, great potential, strong stamina and long-term positive trend, which will create more opportunities for deeper cooperation between central SOEs and foreign companies.

Many foreign enterprises said that they support economic globalization, firmly believing that China's bright economic prospects and deepening reform and opening-up will bring more opportunities. They hope to further develop in-depth cooperation with Chinese enterprises, including central SOEs, in areas like innovation, management, branding, channels and third-party markets.


Representatives of SASAC and Chinese central SOEs listen to the speech of Chinese Vice-President Wang Qishan at the WEF annual meeting in Davos. [Photos/sasac.gov.cn]


SASAC Chairman Xiao Yaqing at the session "Advancing the Belt and Road Initiative: China's Trillion Dollar Vision" during the WEF annual meeting. [Photos/sasac.gov.cn]


Ning Gaoning (C), Chairman of Sinochem Group and ChemChina,  at the session "Shaping a New Market Architecture. [Photos/sasac.gov.cn]


Song Zhiping (L) , Chairman of China National Building Material Group, at the session"Globalization 4.0: China's Role in the Future of Global Commerce". [Photos/sasac.gov.cn]


Xu Niansha (R), Chairman of China Poly Group Corp,  is a guest speaker at the session "Advancing the Belt and Road Initiative: China's Trillion Dollar Vision". [Photos/sasac.gov.cn]


Ling Wen (L), President of China Energy  meets with Dr. Fatih Birol, Executive Director of the International Energy Agency. [Photos/sasac.gov.cn]


COFCO Chairman Lv Jun (2nd L) and Executive Vice President Chi Jingtao (L) meet with senior executives of  Deloitte. [Photos/sasac.gov.cn]


A signing ceremony of a cooperation agreement on port development between COSCO Shipping and a Peruvian company is held during the WEF annual meeting. [Photos/sasac.gov.cn]


Liu Dashan, Chairman of China Energy Conservation and Environmental Protection Group, is interviewed by CCTV. [Photos/sasac.gov.cn]


Sun Yongcai, President of CRRC Group, is interviewed by CNBC. [Photos/sasac.gov.cn]


Dai Hegen, Chairman of China National Chemical Engineering Group Corporation, is interviewed by Xinmin Evening News. [Photos/sasac.gov.cn]

(Executive editor: Li Shuling)

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