(Ninth China International Import Expo) Central SOEs “Going Global” Weave a Global Cooperation Network
Central SOEs have more than 17,000 institutions and projects in more than 180 countries and regions around the world.
Quick Look
- The sub-forum of the Hongqiao Forum of the 9th CIIE "Corporate Power in Changing Situations: Building a More Sustainable Industrial Partnership" was held in Shanghai.
- Li Zhen, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council of China, said that central enterprises have more than 17,000 institutions and projects in more than 180 countries and regions around the world, with overseas assets of nearly 10 trillion yuan, and many parties have emphasized deepening pragmatic cooperation and two-way development.
AI-generated summary
Why It Matters
The 9th China International Import Expo was held in Shanghai from November 5th to 10th, and the Hongqiao International Economic Forum held multiple sub-forums simultaneously.
China News Service, Shanghai, November 7 (Tao Siyue) The 9th China International Import Expo was held in Shanghai from the 5th to the 10th. The Hongqiao International Economic Forum's sub-forum "Corporate Power in Changing Situations: Building a More Sustainable Industrial Partnership" was held at the same time.
On November 6, during the 9th China International Import Expo in Shanghai, the 9th Hongqiao International Economic Forum "Corporate Power in Changing Situations: Building a More Sustainable Industrial Partnership" sub-forum was held. Photo by China News Service reporter Wang Ziru
Li Zhen, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council of China, introduced at the forum that in recent years, the State-owned Assets Supervision and Administration Commission of the State Council has integrated the international operations of enterprises into the country's overall opening to the outside world and promoted central enterprises to play an important role in high-level open cooperation. As of now, central SOEs have more than 17,000 institutions and projects in more than 180 countries and regions around the world, with overseas assets of nearly 10 trillion yuan.
He also pointed out that in the first three quarters of 2026, central enterprises imported goods from 177 countries (regions), and the total import volume increased by 5.1% year-on-year; as of the end of September, they had carried out joint ventures and cooperation with 301 enterprises in 39 countries (regions), and the cumulative utilization of foreign investment exceeded 120 billion US dollars. At this CIIE, central enterprises organized more than 20,000 people to discuss and connect, and reached a number of important intended results, fully demonstrating a clear attitude of deepening pragmatic cooperation and sharing development opportunities.
De La Mora, Director of the International Trade and Commodities Division of the United Nations Conference on Trade and Development, said that business exchanges have contributed to the cultivation and development of local industrial chains, which is a win-win approach. Luo Kunchu, deputy general manager of China Information and Communications Technology Group Co., Ltd., also emphasized cooperation with the local industrial chain, from materials to project implementation, and using local resources as much as possible. In his view, high-quality globalization is not a one-way export, but a two-way process of cooperation, symbiosis, and mutual benefit.
Xie Qinglin, deputy general manager of China Electronics Information Industry Group Co., Ltd., told the story of a chef. The chef stationed in Northern Europe for a certain project has been working there for more than 20 years, which illustrates the sustainability of deep local cultivation. "In the past, the international capabilities we talked about were more about basic capabilities, but now more emphasis is placed on technical capabilities and industrial organization capabilities." Xie Qinglin said.
Based on technology, we can realize the continuous extension of business boundaries. The "erected high-speed rail" - wind power equipment is an example. Ning Wenze, vice president of CRRC Co., Ltd., said that rail transit equipment represented by high-speed rail requires high safety, high reliability, and high-precision working conditions, and has precipitated a series of general underlying technologies such as system integration, energy conversion, structural design, material application, and intelligent control. "These technologies can be transferred and reused in multiple high-end equipment fields. It is precisely based on these technologies and capabilities that we extend and go overseas to new energy equipment, key automotive parts, marine equipment and other fields."
Su Qingyi, director of the International Trade Research Office of the Institute of World Economics and Politics, Chinese Academy of Social Sciences, believes that coordinating different markets is the organic integration of various markets to achieve the effect of "1+1>2". When enterprises "go global" on the basis of core competitiveness, it is equivalent to starting to "weave a network."
Open Questions
- What is the specific purchase intention amount finally reached by central enterprises at this CIIE?
