Qianhai mulls on “Go Global” strategy

Source :Tan Yifan, Liao Zhenni

In Qianhai, a seminar on the “go global” trend of Guangdong’s companies was jointly hosted by Department of Commerce of Guangdong Province, Nanfang Daily, and the Qianhai Authority.

 

 

China Merchants Group (CMG) and China International Marine Containers (CIMC) attended the discussion on risk prevention and overseas investment.

By mid-June this year, the investment by Qianhai’s corporations had totaled US$5.44 billion, up 38.7% from the previous year. Particularly, the countries of the Belt and Road scope benefited most. In addition to direct investment, corporations between domestic and foreign companies are increasingly emphasized.

To accelerate “the Belt and Road” strategy implementation, the Qianhai Authority planned to focus on capacity exports and international cooperation. Not only did the Authority draft a proposal on supporting companies and individuals to “go global,” they also encouraged the CMG’s investment, such as in building 30 overseas ports and replicating “Port-Park-Community” design. The initiatives are aimed at establishing open and regular communication with global cities and major international organizations.

Concerning specific advice on the “go global” approach, the CIMC highlighted the role of government in backing leading companies who are the main contributors of industrial output, while the CMG suggested to apply Guangdong’s practices of reform and opening-up abroad.

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2016-06-24 11:02:00

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