International Observation | Chinese Private Enterprises Accelerate "Going Global" for Win Win
2024-04-29
? With the steady progress of high-quality development of the Chinese economy, Chinese enterprises are accelerating their global layout, and private enterprises have played an important role in it. In China, the private economy contributes over 50% of tax revenue and over 60% of gross domestic product (GDP), accounting for over 90% of the total number of enterprises. Recently, Xinhua News Agency reporters conducted multiple interviews at home and abroad and found that a large number of Chinese private enterprises with high flexibility persist in exploring markets through innovation and working together to seek development opportunities in the process of going abroad. This not only promotes their own greater development, but also provides more choices and development momentum for overseas markets and even global industrial and supply chains. On February 19th, workers produced bicycles in a private enterprise in the Economic Development Zone of Leling City, Shandong Province. Driven by innovation, Xinhua News Agency (photographed by Jia Peng) is accelerating its "going global" layout in Hefei, Anhui Province. Baolong Technology Co., Ltd.'s digital production workshop has ordered the production of air suspension controllers and air spring assemblies from automated production lines. Budapest, Hungary, is bustling with Baolong Technology's European R&D and manufacturing center. The park is planning a Phase II factory building for the manufacturing and production of air suspension. Nowadays, Baolong Technology has established 9 production parks, 19 factories, 11 research and development centers, and more than 20 sales branches overseas, radiating to Asia, Europe, and North America... "It is imperative to layout cross-border and cross regional 'research, production, and sales' in the global market." Baolong Technology Chairman Zhang Zuqiu said that the company will fully utilize high-quality overseas resources, form a collaborative linkage with China, and assist in product research and development and production upgrading. In the workshop of the Thai China Rayong Industrial Park located in Rayong Province, Thailand, machines roar and CNC equipment runs at full capacity, with more than ten industrial robots flipping their robotic arms for operation. In the adjacent wheel coating workshop, the semi-finished wheel hub slowly descends onto the logistics roller conveyor and enters the pre-treatment process. This is a scene that Xinhua News Agency reporters saw in the production workshop of Xintai Wheel Manufacturing Co., Ltd. Standing on the front line of production, the atmosphere of automation, digitization, and intelligence in factories is overwhelming. This enterprise is a subsidiary of Lizhong Wheel Group, headquartered in Hebei, established in Thailand in 2010. It focuses on the research and development, manufacturing of high-end lightweight aluminum alloy wheels and casting aluminum alloy materials. It has become an important overseas production base of the group, providing more convenient and fast services to markets in Southeast Asia, Europe, America, and other regions. "As Chinese new energy vehicle companies expand into Thailand, our local market business in Thailand is also constantly expanding," Zheng Jinsong, General Manager of Xintai Wheel Manufacturing Co., Ltd., told reporters. As a leading global provider of new energy intelligent manufacturing solutions, Wuxi Pioneer Intelligent Equipment Co., Ltd. is also accelerating its global development. At present, Pioneer Intelligence has more than ten overseas branches, mainly distributed in Europe, North America, Southeast Asia and other regions. In 2023, the proportion of overseas business to overall revenue of the group will significantly increase, and the proportion of overseas business is planned to increase to 50% in the future. In recent years, Chinese private enterprises have accelerated their pace of going global and continued to expand the brand influence of Made in China. According to a report released by Chinese market analysis firm iMedia Consulting in August last year, Chinese companies that have implemented a "going global" layout
Edit：Yi Jing Responsible editor：Li Nian
Source：XinhuaNet
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