男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Companies

Caterpillar sees opportunities in China's Five-Year Plan

(Xinhua) Updated: 2016-03-14 10:21

BEIJING - China's new five-year blueprint will create business opportunities and long-term growth for the world's largest construction and mining equipment maker Caterpillar, a senior company official said.

Despite an industry downturn in China, Caterpillar sees it as a natural transition and is optimistic about China from a long-term perspective, said Chen Qihua, vice president of Caterpillar Inc. and chairman of Caterpillar China, in an email interview with Xinhua.

Caterpillar's global sales and revenues slumped 15 percent year on year in 2015, partly due to weakening economic growth in China and lower commodity prices, according to the company's annual report.

China's economy expanded 6.9 percent last year, the slowest in 25 years, as trade faltered, property investment cooled and an industrial glut persisted.

However, Chen has high hopes for the implementation of the 13th Five-Year Plan, China's roadmap for development in the 2016-2020 period, saying achieving the country's goal of creating a moderately prosperous society by 2020 will unleash further opportunities.

The draft outline of the Five-Year Plan is being reviewed at the ongoing annual session of the national legislature held in Beijing. China targets an "above 6.5 percent" average growth for the coming five years and aims to double the size of its economy and per capita income by 2020 from the 2010 level.

Caterpillar is interested in many aspects of the blueprint, such as economic reforms, industry upgrading, environmental protection and, in particular, the Belt and Road Initiative, Chen told Xinhua.

The initiative, China's proposal to build extensive trade and infrastructure networks with other countries, will enable Caterpillar to participate in various projects in collaboration with its Chinese business partners, he said.

By focusing on technology and innovation and with a sustainable business model, Caterpillar matches well with China's 13th Five-Year Plan, Chen added.

While acknowledging that the business environment in China is becoming more competitive, he stressed the importance of upgrading technology and improving efficiency.

As the economy geared down and costs rose, foreign direct investment in the Chinese mainland posted a 2.7 percent year-on-year increase in the first two months of 2016, slowing from 6.4 percent in 2015, official data showed.

But Caterpillar remains committed to the Chinese market, Chen told Xinhua.

The company has seen promising growth in energy and transportation as it taps into growing demand from Chinese clients for cleaner, more efficient power generators and engines.

Sales in that sector recorded an average annual growth of 11 percent over the past five years, according to data provided by Caterpillar in September 2015.

"China is an integral part of Caterpillar's long-term global strategy, and the investment we have made in China is for the long term," Chen said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 绥江县| 延边| 阳原县| 梅州市| 灵石县| 巢湖市| 宽城| 北京市| 南召县| 平武县| 兴仁县| 禄丰县| 那曲县| 镇平县| 潍坊市| 喀喇沁旗| 济宁市| 安宁市| 八宿县| 太湖县| 河西区| 乐昌市| 屯留县| 康定县| 罗源县| 九寨沟县| 海门市| 银川市| 舟山市| 南丹县| 邯郸市| 宿州市| 吉安县| 贵溪市| 甘南县| 抚州市| 福鼎市| 鄂伦春自治旗| 永安市| 桦川县| 塔城市|