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Wen Gang: Responding to shocks requires strengthening localization capabilities
Seetao 2020-12-04 17:22
  • Allocate resources on a global scale, join hands to unite, and achieve true win-win cooperation
  • Enterprises should work with financial institutions, pay full attention to localization, explore innovations in investment and financing models, build industrial alliances for infrastructure construction, and jointly resist risks
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The 11th International Infrastructure Investment and Construction Summit Forum, co-sponsored by the China International Contractors Association and the Macao Trade and Investment Promotion Agency, was held in Macao on December 2-3, 2020. With the theme of "Joining Hands to Address Challenges and Promote Global Infrastructure Development", this forum focused on industry hotspots and cutting-edge topics, and invited global leaders to gather in Macau to discuss how to strengthen cooperation, overcome difficulties, and achieve sustainable international infrastructure cooperation development of.

At the second theme forum of "Jointly Promote the Steady Development of International Infrastructure" held on the afternoon of December 2, Wen Gang, deputy general manager of China Communications Construction Group Co., Ltd., shared his views with the guests. He believes that under the impact of the epidemic, the global economy is facing the government's need to use infrastructure as an important starting point for the revival of the country's economy, preferring policies and resources to support infrastructure development. Companies should work with financial institutions to explore innovations in investment and financing models, make full use of insurance, funds, and private investment to solve common projects. Companies should pay full attention to localization, make good use of local resources, improve the level of corporate internationalization, and build infrastructure. Industry alliances to resist risks together.

China Communications Construction Group is a company that focuses on infrastructure construction and integrates design, investment, construction, and operation of the entire industry chain. Currently, it has operations in 157 countries around the world and has nearly 260 overseas agencies.

The demand for international infrastructure is very large. China Communications Group and its subsidiaries, China Harbor and China Road and Bridge, have also done many projects. These projects have solved problems for local economic and social development and brought benefits to the local area. After the epidemic has passed, the foundation Facilities demand will be more.

The Export-Import Bank of China has established a good financing model with the government, which not only solves the rigid demand for local economic infrastructure construction, but also does not impose a heavy burden on the local economy in the future. At the same time, Chinese companies must innovate financing models, vigorously implement "going out", pay attention to localization construction, strengthen international cooperation, and achieve a win-win situation. Editor/Sang Xiaomei

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