The Center for China and Globalization （CCG） co-hosted another key event on globalization of Chinese enterprises on Sept. 23 and 24 to look for new engines and opportunities for Chinese companies going abroad.
The 2016 China Forum on Development of Globalized Enterprises was held in Ningbo, one of the busiest port cities in the world and the most vigorous business hub in the Yangtz River Delta area. For the past 10 years, Ningbo has been elected by the Forbes as one of the best Chinese cities for business and investment.
The 2016 China Forum on Development of Globalized Enterprises was a joint effort with Ningbo municipal government and China International Economic Cooperation Society under the Ministry of Commerce. As the first major event after Hangzhou G20 focusing on investment in China and Chinese enterprises going global, the Forum attracted over 1,000 well-known business leaders around the globe and set up 10 panel sessions on the topics such as “Industry Internet and Created in China,” “Financial Reform and Governance”, and “Internet + Creating Shared Value”. More than 80 guest speakers including over 30 MNC executives, five foreign ambassadors and commerce consulates delivered their speeches and participated in the discussions during the event.
The Forum was held to continue with the productive discussion at Hangzhou G20. The G20 summit reached a consensus on the plan to overcome existing obstacles in the world economy and to create new engines and opportunities for the transformation and upgrading of Chinese industries and enterprises. The G20 Guiding Principles for Global Investment Policymaking which has been approved at the summit, as the first multilateral framework for investment rules in the world, is conducive to creating an open, transparent and mutually-beneficial global investment policy environment.
Long Yongtu, Vice Minister of Commerce and the Chairman of CCG’s Strategic Advisory Board
Cui Mingmo, President of China Association of International Economic Cooperation
Wang Huiyao, CCG President
China has become the world’s second largest source and destination of foreign direct investment, and more and more Chinese companies are becoming global investors. At the same time, due to China’s increasingly important role in the world market, it is important for transnational enterprises to identify and seize the opportunities of investing in China and also beware of the risks of doing business in China.
Against such a background, the Forum focused the discussion on the new achievement in the process of globalization and more measures to facilitate investment of global enterprises in China. It also addressed the questions including how to maintain a good marketplace and how to help competitive companies accelerate industrial restructuring and upgrading in China.
The core discussion was led by former Vice Minister of Commerce and the Chairman of CCG’s Strategic Advisory Board Long Yongtu, President of China Association of International Economic Cooperation Cui Mingmo, CCG President Wang Huiyao and senior officials from Ningbo municipal government. Other participants include former Chinese delegate in UN and former Secretary General at the China General Chamber of Commerce - U.S.A Huang Xueqi, Professor of the National University of Singapore and CCG Academic Committee Convener Zheng Yongnian, and Siri Lankan Ambassador to China Karunasena Kodituwakku.
Prior to the opening ceremony of the Forum, CCG also held two roundtable meetings – a multilateral dialogue for Chinese and foreign CEOs and a seminar to identify new engines for Chinese companies in the new businesses such as modern services industry and smart cities.