JIANGMEN, China, Dec. 11, 2017 /PRNewswire/ -- With a focus on the development of Chinese companies in overseas markets and the risks they face when investing abroad, the "One Belt, One Road" City Tour and China Manufacturing "Going Out" Summit, organized by China-based international news portal huanqiu.com, was held successfully held in Jiangmen, Guangdong province on December 5. Dozens of experts and scholars as well as representatives from more than 200 companies engaged in extensive discussions at the event.
huanqiu.com’s "One Belt, One Road" City Tour and China Manufacturing "Going Out" Summit held successfully in Jiangmen, Guangdong province
The "One Belt, One Road" City Tour is a regularly scheduled program hosted by huanqiu.com with the goal of allowing more people to familiarize themselves with the cities along the One Belt, One Road route through huanqiu.com's media communication platforms and understand what each of the cities has to offer by hearing about the personal experiences of program guests as they filed their report directly from each of cities. The program has already made stops in Beijing, Guizhou, Xi'an and Changchun and has now moved on to Jiangmen, where a summit was also held in collaboration with wheel manufacturer Guangdong Dcenti Auto-Parts Stock Limited Company. With a focus on the development of Chinese companies in overseas markets, program guests shared their models of successful cooperation between companies in and outside of China and discussed how to avoid the risks Chinese companies face when investing abroad. They also engaged in a dialog on how the new economic globalization can pave the way for Chinese companies who want to expand beyond the home market.
Manufacturing, which is the foundation of every sector of the national economy, serves as both a pillar and an economic growth engine. China's industrialization during the past more than 30 years has, every step of the way, been closely watched by the world. The Chinese equipment manufacturing sector has obvious advantages and contributes to one third of the world's total, while power equipment manufacturing accounts for 61 percent of its sector and shipbuilding occupies 41 percent. The One Belt, One Road initiative has created new opportunities for collaboration in terms of developing a manufacturing economy in the countries and regions along the initiative's route. Accelerating technological and industrial development as well as transformation of the value chain, redefining what innovation means at a national level as well as expectations in terms of capabilities, while reconstructing competitive edges have all become the common goal of countries targeted by the initiative.
Guangdong Dcenti Auto-Parts Stock Limited Company is one of the largest exporters of wheel hubs in China and has positioned itself as a global high-end aluminum alloy wheel hub producer. Wang Guosheng, deputy general manager and secretary of the board of directors at Dcenti, said in his speech that the wheel hub producer is one of the representative companies that brought the concept of "China Manufacturing" to the world stage and that international production capacity cooperation as part of the One Belt, One Road initiative will likely become an effective approach to further enhancing the concept. These efforts can be expected to deliver new and ever more meaningful opportunities to Chinese companies who choose to expand beyond the home market.
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