Initiative facilitates SME globalization
By Wang Xu |
China Watch |
Updated: 2018-06-26 15:16
The 2018 World SME Conference was held in Beijing from June 23-24, with a special focus on the globalization of small and medium-sized enterprises.
The conference, under the theme of “Mutual understanding, interconnection and sharing", was initiated by the China Association for Small & Medium Commercial Enterprises and attended by representatives from around the world.
Ma Peihua, vice-chairman of the 12th Chinese People's Political Consultative Conference National Committee, said the Belt and Road Initiative had provided a great opportunity for SME's globalization.
"The lack of information, complicated custom procedures, difficulties in identifying an enterprise's credit and the insufficient trade financing have created various barriers that set back the exportation of foreign SMEs to China," Ma said.
"However, with the Belt and Road Initiative and e-commerce, SMEs can easily improve their capacity in relevant countries, and reach targeted customers, receive orders and accumulate credit points at lower costs," he said.
Wang Qinmin, former chairman of the China Federation of Industry and Commerce, said that support should be given to SMEs to promote and facilitate the implementation of the Belt and Road Initiative.
Wang said because of their quick responses and adaption to market demands, SMEs can better amplify benefits brought by the initiative and enhance civil connection between nations, which will, in conclusion, bring concrete results to the general public.
Massimo Alema, former prime minister of Italy, said successful globalized Italian SMEs need "support from central and local governments; centralized development and flexible production; innovation in design and management; and the building of an enterprise reputation and culture".
Hermann Simon, a German business management specialist, said Chinese SMEs should improve quality, keep investments in R&D, and maintain close relations with customers in future globalization.
"To Chinese SMEs, quality improvement should come first. As low costs are no longer the decisive factor in determining the success of a company, enterprises must participate in the globalization process and establish a marketing network that covers all international markets, and build their international brands," Simon said.
"Meanwhile Chinese SMEs must re-define their positions in the market and build their core competitiveness by innovation that is driven by markets and technologies," he said.
Yang Hong, CEO assistant of Techic, a robot manufacturer, said by attending the conference she wants more potential foreign customers to know about their products.
"It also gives us the opportunity to test our technology and capacity," she added.
Over 1,000 representatives from 30 countries attended this year's conference.
The 2018 World SME Conference was held in Beijing from June 23-24, with a special focus on the globalization of small and medium-sized enterprises.
The conference, under the theme of “Mutual understanding, interconnection and sharing", was initiated by the China Association for Small & Medium Commercial Enterprises and attended by representatives from around the world.
Ma Peihua, vice-chairman of the 12th Chinese People's Political Consultative Conference National Committee, said the Belt and Road Initiative had provided a great opportunity for SME's globalization.
"The lack of information, complicated custom procedures, difficulties in identifying an enterprise's credit and the insufficient trade financing have created various barriers that set back the exportation of foreign SMEs to China," Ma said.
"However, with the Belt and Road Initiative and e-commerce, SMEs can easily improve their capacity in relevant countries, and reach targeted customers, receive orders and accumulate credit points at lower costs," he said.
Wang Qinmin, former chairman of the China Federation of Industry and Commerce, said that support should be given to SMEs to promote and facilitate the implementation of the Belt and Road Initiative.
Wang said because of their quick responses and adaption to market demands, SMEs can better amplify benefits brought by the initiative and enhance civil connection between nations, which will, in conclusion, bring concrete results to the general public.
Massimo Alema, former prime minister of Italy, said successful globalized Italian SMEs need "support from central and local governments; centralized development and flexible production; innovation in design and management; and the building of an enterprise reputation and culture".
Hermann Simon, a German business management specialist, said Chinese SMEs should improve quality, keep investments in R&D, and maintain close relations with customers in future globalization.
"To Chinese SMEs, quality improvement should come first. As low costs are no longer the decisive factor in determining the success of a company, enterprises must participate in the globalization process and establish a marketing network that covers all international markets, and build their international brands," Simon said.
"Meanwhile Chinese SMEs must re-define their positions in the market and build their core competitiveness by innovation that is driven by markets and technologies," he said.
Yang Hong, CEO assistant of Techic, a robot manufacturer, said by attending the conference she wants more potential foreign customers to know about their products.
"It also gives us the opportunity to test our technology and capacity," she added.
Over 1,000 representatives from 30 countries attended this year's conference.
