Home>Top Issues

Chinese companies fulfill social responsibilities globally

Tuesday,Jul 18, 2017

From: Xinhua

BEIJING, July 14 (Xinhua) -- Chinese enterprises operating overseas have devoted themselves to shouldering more social responsibility in their overseas investments, according to a report.

The report released Thursday by the Center for China and Globalization (CCG) said many companies have risen to the idea of win-win cooperation with local communities, using company development strategies.

"In the construction of the Nairobi-Mombasa railway, we devoted ourself to environmental and wildlife protection," said Wen Gang, vice president of China Communication Construction. "For example, we built passages tall enough for giraffes to migrate across the railway."

Chinese enterprises have also gradually adopted localization in overseas operations.

Chinese HeSteel Group (HBIS), one of China’s biggest steel companies, regards overseas localization as an important concept.

"We believe that only by pursuing cultural localization, promoting local employment and sharing benefits with local communities, can we be successful in going global," said Yu Yong, chairman of HBIS Group.

The overseas brand image and influence of Chinese enterprises have increased in recent years. Statistics from CCG show that 43 percent of 2,922 companies surveyed regard promoting brand influence as a major drive to go global.

Small and medium-sized private companies also participated in the overseas market, with a total investment volume of 154.9 billion U.S. dollars in 395 cases in 2016, the report said.

 

From Xinhua,2017-7-14

 

 

  • Sino-Europe bond might be beneficial to globalization

    The relationship between China and Europe may play a key part in promoting globalization, said Wang Huiyao, president of Center for China and Globalization(CCG).

  • 【CGTN】France and China, a winning partnership

    French media platforms commenting on the visit of Prime Minister Bernard Cazeneuve to Beijing on February 21-23 emphasized the need for both countries to cooperate in fighting against the rise of “protectionism.” Some associated the visit of the French PM to an attempt at rallying China to a fight against “economic barriers.”

  • Trump’s immigration policy may boost China’s global talent pool

    “Trump’s Muslim ban has confirmed his attitude [toward immigrants], which has been received with great angst by the international community. The policy has caused a disturbance among immigrants in U.S., but it will be a good opportunity for China,” said Wang Huiyao, president of CCG.

  • 【China Daily】CISA calls for action on US tariffs

    The China Iron and Steel Association has urged the Chinese government to take resolute measures against imports of stainless steel, seamless pipes, coal, agricultural products and consumer electronics from the United States to confront trade protectionism.

  • 【CGTN】Can China, India save the Third Pole from environmental crisis?

    While the ice in both the North and the South poles are rapidly melting, a warming climate is also putting the world’s Third Pole in jeopardy, where the glaciers are retreating at an accelerating rate.