Go Out to the Overseas to Use Foreign Capital
On March 13, 2012, National People's Congress, Chairman of the Board of Qingdao Construction Group AG, Chairman of Haide Capital Investment (Shanghai) Co., Ltd, Du Bo, received an interview, talked about “Going out” strategy with the reporter of
"We have experienced a variety of challenges in the process of going out" said Chairman Du. "Qingdao Construction Group this year has been established for 60 years, including 30 years in the overseas market. During the 30 years, the first two decades from 1983 was a stage of "going out", then the last decade should be regarded as a "go into" stage, that means, integrating into local society, to invest in the establishment of local enterprises to solve local employment and other issues. Later on, it should be developed into "go up" stage. Enterprises in overseas markets can also lead the local businesses to participate in international competition. in the flexible use of high-tech, investment and financing and other means of mergers."
In this year's government work report, Premier Wen Jiabao stressed the need to improve the quality of utilization of foreign capital. Chairman Du said the Qingdao Construction Group has begun in foreign mergers and financing, and dealing with financial business to gather the funds and then feeding the main industry.
From <Qingdao News>
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