People's Daily Online: Tang Xiuguo: China's equipment manufacturing industry should have a long-term vision in the development of globalization

Sanya News: The second "China Enterprise Globalization Forum", hosted by the China and Globalization Think Tank, continued to be held in Sanya, Hainan Province today. At the plenary meeting of "Building a Global Manufacturing Brand and Service Brand of Chinese Enterprises" held in the afternoon, Tang Xiuguo, President of Sany Group, shared the lessons and lessons of the equipment industry in the process of globalization from the perspective of enterprises.

Tang Xiuguo said that the construction machinery, engineering equipment or larger equipment industry may not become a profitable company, nor will it have a market value of 5661, but it is the "backbone" of industry. Now the price of Sany's overseas sales is higher than in China, and Sany's export scale and overseas manufacturing and sales have achieved very good results. But we are increasingly realizing that true globalization is localization. The renminbi has fallen 2.6 percent against the dollar this year, but the South African rand has fallen more than 20 percent against the dollar and Brazil's Brazilian dollar has fallen more than 40 percent against the dollar. If the manufacturing of assets and capital cannot be localized, there is no way out of doing business, because the more business you do, the greater the loss.

Therefore, if you want to do globalization in the equipment manufacturing industry, you must have a long-term vision and a feeling. We have been involved in the rescue of the mining disaster in Chile and the Fukushima disaster in Japan, and in such a large global rescue operation, we have used American drilling rigs, Chinese onescrane, South Korean equipment. We are proud to have a part of China, which shows that our equipment manufacturing has achieved high performance, which reflects China's manufacturing status.

China's development model has gradually been recognized by many countries, which has brought great help to us to find development opportunities along the Belt and Road. Sany has an investment in wind power in the United States, and the lawsuit has even reached the U.S. government's Oba President Ma, and a full settlement has now been reached. In this process, although there are lessons and experiences, we have learned how to respect the laws and regulations of the local countries and regions, through the application of American laws, the use of American intermediaries, the use of better American lawyer teams, and so on.