On June 27, Zhang Yuzhuo, Director of the State-owned Assets Supervision and Administration Commission of the State Council, was invited to attend the opening ceremony of the 2023 Summer Davos Forum and participated in the "Facing Challenges: At the sub-forum of "Relaunching Growth in a Fragile Environment", we had in-depth discussions with Prime Minister Mottley of Barbados, Prime Minister Hipkins of New Zealand, Prime Minister Pham Minh Phang of Vietnam and Director-General of the World Trade Organization (WTO), including on the current economic situation, promoting green development, implementing scientific and technological innovation, invigorating enterprises, and expanding opening-up and cooperation. They expressed their willingness to adhere to mutual benefit, expand opening-up and cooperation, work together for innovative development, and jointly contribute to the stable development of the world economy.

At present, the Chinese economy is on the whole picking up, and its enterprises are dynamic and driving force for growth. China's state-owned enterprises, especially the central enterprises, are accelerating high-quality development through opening-up and cooperation, adding fuel to economic development through reforms in quality, efficiency and driving force. In the next step, the State-owned Assets Supervision and Administration Commission of the State Council will further promote central enterprises to focus on improving efficiency and deepening reform, vigorously promote entrepreneurship, and accelerate the creation of new modern state-owned enterprises with new development modes, new corporate governance, new operating mechanisms, and new layout structures. We will focus on enhancing our capacity for scientific and technological innovation, seize the opportunities presented by the new round of scientific and technological revolution and industrial transformation, strengthen innovation-driven technological research, actively develop strategic emerging industries, and constantly create new drivers and advantages for development. Focusing on expanding high-level opening-up and cooperation, focusing on high-quality participation in the construction of the Belt and Road Initiative, we will better integrate into the global market, participate more deeply in the global division of labor, make the cake of common interests bigger and bigger, and increase certainty and inject stability into economic development.

During the forum, Zhang Yuzhuo met and held talks with Klaus Schwab, Chairman of the World Economic Forum. Some heads of central enterprises participated in several sub-forums and interacted with guests from home and abroad, saying that cooperation between enterprises is an important part of economic cooperation between countries. Chinese central enterprises are willing to continuously enhance understanding and mutual trust with their international counterparts, while deepening cooperation in traditional fields, We will tap the potential of cooperation in emerging areas such as digital economy, artificial intelligence and advanced manufacturing, make greater contribution to the high-quality development of the world economy and the Chinese economy, and further enhance the consensus that decoupling and chain breaking are not feasible in addressing global challenges, and that open cooperation is the way out.

On June 26, Zhang Yuzhuo went deep into the research and development workshop of local state-owned enterprise Huahai Qingke Co., LTD., to understand in detail the situation of technological innovation, talent selection, incentive mechanism, etc., emphasizing that scientific and technological innovation should be placed in a more prominent position, adhere to the policy of "can give, should give", and support enterprises to establish a more flexible and efficient market-oriented operation mechanism. Aiming at the high end of the value chain, we will increase investment in research and development, strengthen research on key core technologies, promote innovation through application, and bring application through innovation, constantly enhance the core competitiveness of enterprises and enhance core functions, and help the security and stability of the industrial chain and supply chain.

Source: State-owned Assets Supervision and Administration Commission of the State Council