For transformation Manufacturing Enterprises Should Seize Favorable Climate, Geographical Position and Support from the People

“The 2016 China Top 500 Enterprises Summit Forum” sponsored by China Enterprise Confederation and China Enterprise Directors Association, will be held in Changsha,Hunan province from August 26^th to 28^th. In July 21^st, this conference invited Changsha Evening News and Hunan TV Station to make an exclusive interview with Jiang Xipei, Vice Chairman of China Enterprise Confederation, the representative of China Top 500 Enterprises and Board Chairman of Far East Holding Group, to talk about opportunities and challenges of manufacturing enterprises in tide of supply-side reformation and transformation upgrading.

Jiang Xipei said in the interview, economic sustained growth of China shocks the world, and gives our generation of entrepreneurs’ preciously historical development opportunities. Now, in the critical period of transition, we all are faced with problems of financial and economic crisis, but the future must be predictable. He believes China economy still has enough power in the future, which is derived from the confidence of people, the stable economic basis and competitive advantage of China, especially the entrepreneurs’ feelings to pursue ideals and create more products, service as well as values, which are aimed to win the market. Thus, at the moment, entrepreneurs should consider the situation and carry out strategic transition to face the future.

Jiang Xipei Accepted the Exclusive Interview

Jiang pointed out,Far East has experienced continuous adjustment of transition and upgrading. Twenty years ago, the strategy of Far East was to become a leader in global wire and cable industry. And Far East determined the development strategy “Main business + Investment” ten years ago. Now Far East insists the combination of endogenous and extended development, with strategy “Main business + Investment” and positioning of “Smarter Energy Expert that is Smarter Energy, Smarter City System Service Provider”, and devotes intelligence and power to smarter energy and smarter city on original industrial basis. Meanwhile, in the position of “Global Investment and Management Expert”, Far East seeks targets of high quality on a global scale and focuses on fields such as Smarter Energy, Big Health, Big Consumption, food and beverage, cultural industry, advanced manufacturing industry, industrial automation, TMT and so on, to further optimize the distribution of global resource.

Jiang Xipei thought that China is on the road of market economy, with continuous and in-depth international development, entrepreneurs should revere and believe fully the power of market. Recently,Far Easthas been accelerating international process and set an international development target: in 2020, the proportion of international business and foreign staffs all reach 20 percent. In Internet and Internet of Things, transcending Alibaba and Tencent are quite difficult, but there is a chance in industrial segmentation to surpass. An enterprise should actively hug Internet and Internet of things and integrate tightly Internet and Internet of things to create new hope.Far East planned to set up the Trading Pay Network Co., Ltd. (abbreviation: Trading Pay) in 2010, and began to distribute the vertical B2B in electrical and electronic industries. Nowadays, Trading Pay has become a global platform of vertical electrical business in the electrical and electronic field, and meanwhile achieves steady growth of performance. Far East Materials Trading Center Co., Ltd. applies various trading modes, such as keeping and listing spot, to achieve the product delivery of real enterprises and satisfy the needs of users about hedging, investment as well as financing, also to improve traditional trading methods of spot and enrich investment channels for investors.

In this interview, Jiang Xipei suggested that, faced with transformation between old and new energy, manufacturing industries should aim at the global market and focus on technological frontier, gather talents, set the framework of corporate governance, and build a mechanism of working partners, to seize favorable climate, geographical position and support from the people.