Xugong Group believes that the way out for China's equipment manufacturing is innovation and Reform  

Yesterday, the twenty group business summit was officially opened in Hangzhou. At the opening ceremony, the keynote speech delivered by Chairman Xi Jinping was heard from 1100 members of the group of twenty and the business people.

At present, the recovery of the world economy is difficult and the downward pressure of the domestic economy is increasing, so how do Xugong groups deal with these pressures?

After Xi Jinping made a keynote speech entitled "Chinese global growth" of the new blueprint for development of a new starting point, out of the venue, Xugong Group Limited company chairman Wang Min to conceal his face excited, "this is the first time I live in the group of twenty summit to Xi general secretary on the China economic comprehensive exposition, and profound discussion on the world economy. The group of 20 summit has reached its eleventh session and has reached a key node. At this node, general secretary Xi Jinping put forward such initiatives and opinions. I think it has a strong promoting role in the world economy. After hearing it, it is very confident and very happy.

Infrastructure construction is an important topic of concern for the industrial and commercial summit of the group of twenty countries. At the opening ceremony, Xi Jinping proposed to increase funding and intellectual support for infrastructure projects in order to accelerate the process of global infrastructure interconnection and interoperability. Wang Min said, "Belt and Road Initiative" strategy gave birth to the infrastructure construction along the countries, this provides the opportunity to "go out" no doubt to the China equipment manufacturing industry.

Wang Min said: "it 'The Belt and Road' has a lot of infrastructure projects. The Xugong, and the central enterprises is to go out, the national infrastructure construction of common services in the "The Belt and Road 'along. In this case, Xugong has benefited a lot. We have a joint venture in Uzbekistan, and the Railway Corporation in Uzbekistan, which soon made a profit. So we should go out with the central enterprises at that time, and we should also cooperate with the local enterprises and engage in some projects, which is made by Xugong. "

However, the road of Chinese enterprises "going out" is also unequal, and it will also face such obstacles.

Wang Min confessed: "his country is foreign exchange control, the money won't come out, our equipment works there, money can not come back. Now this problem does not affect Chinese enterprises. It has to go to G20, which is the country to solve. "

Promoting the ratification and implementation of trade facilitation agreements and improving the global investment policy environment has become the consensus of many participants, and has been written into this year's B20 policy recommendations report. In addition, the innovative way of growth is also the focus of this year's Hangzhou summit. In Wang Min's view, innovation is very important for the equipment manufacturing industry. "As equipment manufacturing, we are very confident that we must go all in to follow the path of excellence, strength and growth instead of just taking up resources. It gives impetus to it in innovation and gives it vitality in the reform. I think this is the way out for China's equipment manufacturing. Otherwise, one of the dead. "