中文

ACFIC released report on Chinese private enterprises sustainable development in participating BRI

Date:2019-09-06 09:35:00

The All-China Federation of Industry and Commerce (ACFIC) vice chairman Qiu Xiaoping released a report on Chinese private enterprises sustainable development in participating the Belt and Road Initiative (2019) during the third plenary meeting of the 12th standing committee of ACFIC on Aug. 23, 2019.

The report shows that the private enterprises have become the main force of the construction of the Belt and Road, with major contribution in eight fields including improving local infrastructure construction, industrial drive, platform effect, employment, technology transfer, civil livelihood, environmental protection, and legal operation.

According to the report, during the process of going abroad, private enterprises also meet six major challenges including financing, legal terms, management custom, labor relations, localization, environment, and overseas cooperation network.

The report provides guidance on sustainable operation during going abroad and localization by taking into consideration the corporate demand and international rule, covering many aspects including company running, social sustainable and environmental sustainable development, so as to help enterprise internationalize.

It also puts forward suggestions to the government, asking for improving overseas financial service for these private enterprises, strengthening policy guidance and training on sustainable development, and continuing improving the services of Chinese embassies and consulates abroad.

It encourages private enterprises to seek for professional technical support and service to balance “internationalization” and “localization”, to enhance personnel work, strengthen cooperation with state-run corporations overseas, and further improve company management mechanism according to practical situation.

The ACFIC would focus on the Belt and Road Initiative and make full of domestic and international resources by coordinating different markets to promote the healthy development of the private sector, and would play the best of civil business chambers and associations during the BRI construction by providing more top design, platforms and services from various channels, and would continue creating new methods to expand service so as to provide practical guarantee for private enterprises to take part in the BRI construction.
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