State-owned Assets Supervision and Administration Commission： Central enterprises undertake 3,120 projects along the ＂Belt and Road＂

　　Sinopec employees work on the site of the new refinery project in Kuwait. Kuwait is one of the first countries to respond to China’s "Belt and Road Initiative". Photo courtesy of Xinhua News Agency

　　As one of the highlights of the second "Belt and Road" summit forum, today’s forum will hold an entrepreneur conference for the first time. Yesterday, Chen Zhou, vice president of the China Council for the Promotion of International Trade, revealed at the press conference held at the summit forum that nearly 900 representatives from international organizations, government departments, trade and investment promotion institutions and associations, enterprises, etc. will attend the conference, including 90 Fortune 500 enterprises and 78 Fortune 500 enterprises in China. The conference will organize nearly 1,000 one-on-one talks between Chinese and foreign enterprises, and a number of cooperation projects will be signed on site.

　　achievement

　　The localization rate of overseas institutions of central enterprises exceeds 85%

　　According to Xia Qingfeng, director of the Propaganda Bureau of the State-owned Assets Supervision and Administration Commission, there are currently 3,120 projects undertaken by central enterprises along the Belt and Road, which are distributed in various fields such as infrastructure construction, energy resources development, international capacity cooperation and industrial park construction. At present, among the infrastructure projects that have started or are planned to start, the number of projects undertaken by central enterprises accounts for more than 60%, and the contract amount accounts for nearly 80%.

　　In terms of infrastructure construction, central enterprises have promoted the interconnection of countries along the route, and in terms of international capacity cooperation, central enterprises have also promoted the economic development of relevant countries. Xia Qingfeng introduced that central enterprises have successively carried out more than 60 oil and gas cooperation projects in more than 20 countries, strengthened technical exchanges and sharing with partners in mineral resources development, and effectively improved the capacity and level of energy and mineral resources development in relevant countries.

　　In addition, central enterprises have also helped the economic transformation and upgrading of the host country. For example, Xia Qingfeng said that the Sino-Belarus Industrial Park jointly developed by SINOMACH and China Merchants Group is the largest project of economic and trade cooperation between China and Belarus. At present, 43 enterprises have entered the park, with an agreed investment of nearly 1.1 billion US dollars, which has promoted local employment and tax revenue, and deepened the professional cooperation between Belarus and other countries, including China; The sugar factory project undertaken by SINOMACH and SDIC in Ethiopia has made Ethiopia the country with the largest sugar production capacity and the most advanced technology in Africa.

　　At the same time, central enterprises still insist on localized development in the local area. Nearly 85% of the employees in the overseas institutions of central enterprises are local, and the localization rate of some enterprises, such as the Indonesian branch of PetroChina and the Pakistani branch of China Mobile, is as high as 99%.

　　In addition to providing direct jobs, central enterprises have also promoted local indirect employment and provided high-quality training for overseas employees, such as selecting outstanding employees from CCCC for training in China, which has improved their professional quality and ability.

　　274 private enterprises participate in the construction of the "Belt and Road"

　　Since the "Belt and Road Initiative" was put forward in 2013, the willingness and ability of private enterprises to participate in the "Belt and Road" construction have been continuously enhanced, and the degree of internationalization and competitiveness have also been continuously improved.

　　Ma Jun, director of the Liaison Department of the All-China Federation of Industry and Commerce, said that in 2017, the total import and export trade between private enterprises and countries along the Belt and Road was US$ 619.98 billion, accounting for 43% of the total trade volume between China and countries along the Belt and Road, with a growth rate of 12.1%. Among them, the export value was 432.54 billion US dollars, accounting for 55.9%, with an increase rate of 8.9%; The import value was US$ 187.44 billion, accounting for 28.1%, and the growth rate was 11.9%. According to the report of the Top 500 Private Enterprises in China, 274 private enterprises in China participated in the Belt and Road construction in 2017, accounting for more than 50%, such as Huawei, Geely, TCL and Sany Heavy Industry, which promoted the infrastructure improvement and economic development of the host country and made positive contributions to solving local employment.

　　"At present, China has established 113 overseas economic and trade cooperation zones, with private enterprises leading the majority." For example, Ma Jun said that the Sihanoukville Special Economic Zone built in Cambodia by Jiangsu Hodo Group Co.,Ltd. attracted 153 enterprises from China, Europe, America, Japan, South Korea and other countries and regions to settle in and created 29,000 jobs. Up to now, 113 enterprises have settled in the Thai-Chinese Luo Yong Industrial Park built by Zhejiang Huali Group in Thailand, which has solved more than 30,000 local jobs and driven China enterprises to invest more than 3 billion US dollars in Thailand.

　　This year, in order to further improve the guidance service for private enterprises to participate in the "Belt and Road" construction, the All-China Federation of Industry and Commerce will regularly participate in bilateral and multilateral institutional activities under the framework of national cooperation, including in-depth participation in the 2019 China International Import Expo, full implementation of the four tasks of the Beijing Summit of the China-Africa Cooperation Forum in 2018, and holding activities such as the China-Africa Private Economic Cooperation Forum with the theme of "Helping China-Africa Manufacturing Cooperation".

　　scale

　　900 delegates attended the meeting.

　　Chen Zhou, vice president of the China Council for the Promotion of International Trade, said that this entrepreneur conference has three characteristics: large scale, high level and strong representation of participating enterprises. A total of nearly 900 representatives from international organizations, government departments, trade and investment promotion institutions, associations and enterprises attended the meeting, including 500 Chinese representatives and more than 300 foreign representatives.

　　Among the participating enterprises, Chinese enterprises include mainland and some Hong Kong and Macao enterprises, while foreign enterprises cover all 88 countries and regions attending the summit forum, achieving full coverage of foreign leaders attending the forum.

　　These enterprises include well-known enterprises such as Tesla, small and medium-sized enterprises, leading enterprises in traditional industries such as energy and agriculture, and outstanding representative enterprises in new economic formats such as cross-border e-commerce, including 90 Fortune 500 enterprises, 78 China Fortune 500 enterprises, more than 100 central enterprises and more than 200 private enterprises.

　　Chen Zhou introduced that the agenda of the entrepreneur conference includes four links, the first is the plenary session; The second is the signing ceremony. There will be a number of cooperative projects between Chinese and foreign enterprises involving a wide range of fields, covering a wide range of countries, with great basic role, strong demonstration effect and many livelihood projects for on-site signing, and follow-up services will be provided for the implementation of these projects after the meeting; The third is the docking negotiation between Chinese and foreign enterprises; The fourth is the closing ceremony, which gives a brief summary of this conference.

　　Text/reporter Dong Xin