CEFC China Energy to Light up the China Pavilion with Green Energy Technology
important is to realize strategic deployment of the industrial chain or the value chain and to focus on resource integration, which considerably strengthens industrial synergy and corporate profitability,” said Chen Qiutu, “Besides, CEFC China Energy also attaches great importance to win-win cooperation. Only in this way, cooperation can be deepened continuously to achieve sustainable development.”
With this development philosophy, CEFC China Energy keeps integrating into the local society when expanding global presence. Chen took the Group’s investment in Czech Republic as an example, “Soccer and beer gains the greatest popularity among the local people, so we acquired the local oldest Pivovary Lobkowicz Brewery and bought into the Slavia Prague Soccer Club to help the traditional strong team yet to-be-downgraded club back to its peak. Nowadays, the local people highly recognize China’s national image and the Chinese companies’ image.”
According to Chen, the global financial crisis has lowered the oil price, which is exactly the best timing for investing in the upstream oil and gas resources. In addition, potential exists for tapping into many quality overseas resources. Countries along the “Belt and Road” are highly complementary with the China and these countries urgently need China’s support for further stimulating their potential.
Chen disclosed that CEFC China Energy has become one of the Chinese companies with the biggest investment and influential in Central and Eastern Europe. Based on its successful experiences in carrying out economic and trade cooperation in Czech Republic and Georgia as well as its integration of global quality resources, CEFC China Energy will promote the “Belt and Road” cooperation model to more countries and further expand into Europe, Central Asia and the Middle East.
When talking about how to corporate development coordinates with national strategy, Chen stressed: “In order to gain development, companies should first of all adapt to the macro trend and then it may establish its own business. The current macro trend is the ‘Belt and Road’ initiative proactively advocated by the State. Understanding the elemental variance of responsibility division and collaboration in the international market in the course of promoting international investment cooperation, CEFC China Energy has fully accumulated capabilities to integrate international and domestic resources and has cultivated a batch of excellent talents with global vision. Closely following the ‘Belt and Road’ initiative, we will play the role of bridge & investment bank and will break cultural and regional differences in a bid to integrate global resources and connect the domestic market with the international market.”