Di­a­logue be­tween For­tune 500 and Hubei held in Wuhan

Changjiang Weekly - - CONTENTS - By Huang Ying

The series event "2018 For­tune 500 Di­a­logue with Hubei" was held in Wuhan, Hubei, from Septem­ber 11 through 13. Ex­ec­u­tives ofthe world's top 500 en­ter­prises and multi­na­tional cor­po­ra­tions, del­e­gates of eco­nomic and trade part­ner coun­tries along the "Belt and Road," rep­re­sen­ta­tives of world fa­mous busi­ness as­so­ci­a­tions, and diplo­matic en­voys in China as­sem­bled in Wuhan. Among the com­pa­nies were Wal-Mart and British Pe­tro­leum, which rank in the top 10 ofthe world's top 500, as well as global in­dus­trial com­pa­nies such as GE, Volvo, Philips, Air Liq­uide of France, and Thought Works. Quite a num­ber of­com­pa­nies come from high-end, tech­no­log­i­cally ad­vanced man­u­fac­tur­ing and mod­ern ser­vice in­dus­tries.

In 1980, China's first Sino-U.S. joint ven­ture set­tled in Wuhan. Up to now, the num­ber of For­tune Global 500 firms in­vest­ing in Wuhan has in­creased to 265, mark­ing the fur­ther en­hance­ment ofthe city's open­ness and in­ter­na­tion­al­iza­tion.

The for­eign en­ter­prises in Wuhan are mainly from the United States, Ja­pan and France, with the in­dus­trial re­source struc­ture be­ing di­ver­si­fied, mainly in man­u­fac­tur­ing and large con­sump­tion in­dus­tries. In re­cent years, for­eign en­ter­prises in Wuhan have de­vel­oped by leaps and bounds in the fields of ad­vanced

man­u­fac­tur­ing in­dus­tries and mod­ern ser­vice in­dus­tries, giv­ing a strong im­pe­tus to the rapid de­vel­op­ment of strate­gic emerg­ing in­dus­tries in the city.

By the end of last year, the five au­to­mo­bile en­ter­prises based in Wuhan, which in­clude Dongfeng Honda and SAIC GM, had pro­duced 1.89 mil­lion ve­hi­cles, rank­ing Wuhan as fourth among the na­tional ur­ban au­to­mo­bile in­dus­trial clus­ters, and so­lid­i­fy­ing its pil­lar po­si­tion within the au­to­mo­bile in­dus­try. At present, the five ma­jor pas­sen­ger car man­u­fac­tur­ers have car­ried out new en­ergy ve­hi­cle ( NEV) projects, en­abling 22 NEV sup­port­ing en­ter­prises to set­tle in Wuhan and form­ing a "next-gen­er­a­tion au­to­mo­bile" in­dus­try clus­ter.

The in­vest­ment projects such as Gen­eral Elec­tric ofthe United States and Sch­nei­der Elec­tric of France have re­al­ized the ac­cel­er­ated rise o fits "made-in-Wuhan" prod­ucts. A num­ber of emerg­ing in­dus­trial projects, such as those of Pfizer Inc., Fre­se­nius Karbi Phar­ma­ceu­ti­cal Com­pany of Ger­many, and JHL Biotech Com­pany, as well as a num­ber of mod­ern ser­vice in­dus­tries, such as Price­wa­ter­house­Coop­ers (PwC), Cap­i­taLand Lim­ited of Sin­ga­pore and Hang Lung Group of Hong Kong, are ac­cel­er­at­ing their de­ploy­ment in Wuhan.

Jamie Fouss, the U.S. Con­sul Gen­eral in Wuhan, dis­cusses with par­tic­i­pants dur­ing breaks.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.