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Zhang Yuzhuo Meets with Klaus Schwab, WEF Founder and Executive Chairman

Updated: November 27, 2023

Zhang Yuzhuo, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Founder and Executive Chairman of the World Economic Forum (WEF) Klaus Schwab in Beijing on Nov 20.

The two sides exchanged views on leveraging their respective resources and strengths, building exchange and dialogue platforms, and promoting pragmatic collaboration on all fronts.

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Zhang Yuzhuo, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), meets with Founder and Executive Chairman of the World Economic Forum Klaus Schwab in Beijing on Nov 20. [Photo/SASAC]

Zhang welcomed the visit of Schwab and his delegation and conveyed heartfelt thanks to WEF for its efforts in promoting technological innovation and economic cooperation of Chinese central state-owned enterprises (SOEs). He said that SASAC and Chinese central SOEs will thoroughly study and implement the guiding principles of important addresses delivered by President Xi Jinping at WEF Annual Meetings and the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting, intensify their cooperation with enterprises of different types of ownership worldwide, and explore paths and modes for in-depth economic cooperation and integrated development.

Zhang noted that SASAC and Chinese central SOEs are ready to build closer exchange and communication mechanisms with WEF, actively utilize WEF as a platform in further expanding opening-up and international exchanges, as well as engaging in mutually beneficial cooperation with leading global enterprises in the fields of artificial intelligence, green development and healthcare, pushing for technological innovation, and making contributions to the high-quality development of the global economy.

Schwab expressed gratitude to SASAC and Chinese central SOEs for their active participation in WEF. He said that he personally witnessed the remarkable achievements made by Chinese central SOEs in reform and innovation-driven development, and lauded their contributions to promoting economic and cultural exchanges and shouldering social responsibilities.

Schwab said that WEF is willing to further strengthen exchanges and cooperation with SASAC and Chinese central SOEs, and welcomes more Chinese enterprises and experts to take part in the building of WEF's  Centers and Communities, enhance dialogues and cooperation in such fields as global development, international cooperation, climate change, and the opportunities and challenges brought by the Fourth Industrial Revolution, and deepen mutual trust, in a bid to inject fresh growth momentum into the global economy.

Zhu Min, Member of Board of Trustees of the WEF, briefed the attendees on the progress of cooperation between WEF and Chinese central SOEs. Senior executives of Chinese central SOEs, such as China Petrochemical Corporation, State Grid Corporation, China Huaneng Group, CHN Energy Investment, China Mobile Group, Sinochem Holdings Corporation, COFCO Corporation and China General Technology (Group), participated in the meeting and exchanged views on their cooperation with WEF.

The Chairman of WEF Greater China and heads of relevant departments of WEF as well as officials of the SASAC's relevant bureaux also attended the meeting. 



(Executive editor: Hao Wen)