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Guo Wei Attended the 2021 China International Engineering Contracting Industry Development Conference and 2021 China International Engineering Contracting Industry Development Forum and Made A Discussion Speech
Date:2021-05-15

From May 12 to 13, the 2021 China International Engineering Contracting Industry Development Conference and 2021 China International Engineering Contracting Industry Development Forum were held in Beijing.  Guo Wei, President of CRIG, was invited to attend the event and make a discussion speech.

During the conference, 79 units including CRIG were awarded the title of "Class A enterprise in international engineering contracting industry in 2021".

This forum was themed with "seeking business opportunity, opening new situation, gathering strength, and jointly exploring a new path of high-quality sustainable development in the industry". About 500 representatives of government departments such as the National Development and Reform Commission and the Ministry of Commerce, financial institutions such as the Export Import Bank of China, local business associations, professional institutions and member enterprises attended this Forum. In this Forum, they worked together to explore a new path for high-quality sustainable development of international engineering contracting industry and discuss a development plan for the industry.

In the seminar session, Guo Wei made an introduction of the successful experience of CRIG in beneficial attempts in smart city development in Bangladesh and other countries in recent years, and gave three suggestions for industry enterprises to expand such business in the future. Guo Wei said that the development plan of the host country, supporting policy of the Chinese government and comparative advantages of Chinese enterprises should be effectively integrated in the development of new infrastructure projects to avoid resource misallocation. For example, Bangladesh Government’s basic network project Phase III not only responded to the joint construction of the “Belt and Road”, but also aligned with the host government’s “Digital Bangladesh” strategy. In addition, it conformed to the direction of China’s preferential loan support, giving full play to the respective advantages of the partners. New infrastructures should be integrated with traditional infrastructure, and the competitive advantages of traditional transportation, urban, electric power, industry and other fields should be transformed into the first mover advantage of smart transportation, smart city, smart energy, smart manufacturing and other fields under the empowerment of the digital and information technology. A suitable business model and operation path should be chosen, an attempt to participate in local industry planning and project feasibility studies should be made. The economic and technological sustainability of the project and the high quality of enterprise operation should be ensured from the source through project operation or the integration of investment, construction and operation. Chinese standards should be promoted to go global. In the " Belt and Road" construction, the "five connectivity" in the "host country and region" should be achieved, especially in policy communication and closer people-to-people ties, and the competitive advantages of Chinese enterprises should be established in proper order from a more macro and long-term perspective.


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