(Source: "Beijing Daily" 2025-01-27)
The five-day Davos World Economic Forum 2025 Annual Meeting came to an end recently. This year’s annual meeting focuses on “Cooperation in the Intelligent Era”. The "Trump 2.0" era began on the same day as the annual meeting, and Trump delivered a speech via video link at the forum. For the nearly 3,000 global leaders from all walks of life attending the meeting, how to deal with the huge uncertainty amid drastic changes is undoubtedly one of the most talked about topics at this Davos.
Among the 800 corporate executives from various countries who listened to Trump’s video speech live, there were also nearly 20 heads of Chinese high-tech companies. Under the changing circumstances, how should Chinese companies from the world's second largest economy seize opportunities and meet challenges? The answer may be found on the world-famous stage of Davos.
It is rare for the United States and Europe to actively express their stance on China at the same time
After the warm-up on the first day of the forum, on January 21, the Davos Annual Meeting was fully launched, and important guests appeared one after another. European Commission President von der Leyen spoke in the morning. She emphasized that she would contact the new US government as soon as possible and launch pragmatic negotiations. When talking about China, von der Leyen’s statement was somewhat unexpected. She said that the EU must engage in constructive contact with China. This year marks the 50th anniversary of the establishment of diplomatic relations between Europe and China. This is an opportunity to establish and deepen relations with China, and even expand bilateral w88 and investment relations.
In a video link on January 23, Trump bluntly criticized the EU's high tariffs on the United States. But when it comes to China, in addition to complaining about being "taken advantage of" by China on economic and w88 issues, he also expressed his willingness to cooperate and live in harmony with China. In an interview with Fox News broadcast on the same day, Trump even stated that he "hopes not to impose tariffs on China."
At the beginning of the new year, when global anxiety about geopolitical competition continues unabated, why do the leaders of the two major economies of the United States and Europe invariably show a positive attitude towards China on the same stage? Tu Xinquan, dean of the China World w88 Organization Research Institute at the w88 casino, told this reporter that after Trump takes office, he will first focus on solving internal problems in the United States, and his "America first" foreign policy will bring more risks to allies such as the European Union than China. The United States and Europe have to be wary of China's strong strength in the economy, science and technology and other fields. For the EU, it is even more necessary to strengthen cooperation with China to hedge against the impact of "Trump 2.0". China should also seize the opportunity to create a better international environment.
John Quelch, executive vice president of Duke Kunshan University, attended this year’s Davos Forum. He admitted that Trump's video speech was the focus of Davos, but his unpredictability would not help gain more international support. Trump is still wavering on his tariff policy against China.
Chinese enterprises’ “going global” is still in its infancy
Quelch has taught at Harvard Business w88 casino for a long time and served as dean of London Business w88 casino. He told this reporter that the guests from various countries who communicated with him expressed admiration for China's economic transformation achievements and were generally unwilling to "choose sides" in the competition between major powers. In his view, Davos provides Chinese enterprises with a good opportunity to communicate, share and expand cooperation networks. Even if they did not appear at public meetings, Chinese technology companies held intensive bilateral talks on the sidelines.
Trump once claimed to impose tariffs of up to 60% on China during the election period. His latest statement is to impose 10% tariffs on China starting from February 1. On January 22, Zhang Lei, chairman of Envision Technology Group, said at the current Davos round table on the theme of "Balancing Climate and w88" that even if tariffs and carbon border adjustment mechanisms increase, the basic economic laws of renewable energy development still exist. In 2024, 85% of the world's new installed power capacity will come from renewable energy, and the prospects for green technology are very promising.
With continuous technological innovation and a complete production and supply chain system, it has become the norm for Chinese new energy companies to "go overseas". Photovoltaic companies such as Longi Green Energy have deployed production bases in Southeast Asia, while Envision has deployed wind turbine factories in the Middle East and Southeast Asia.
Tu Xinquan said that foreign investment has always been an important way to deal with w88 barriers. w88 is prone to competition and friction between countries, but mutual investment is undoubtedly a more relaxed form of economic and w88 cooperation. Foreign investment can also enhance Chinese companies' ability to control international supply chains and sales channels, which is of positive significance. Chinese enterprises' overseas investment is in its infancy. We need to help enterprises better avoid risks, learn from other countries' experiences and lessons, and encourage them to send profits back home.
“Chinese companies that are internationalizing for the first time need to establish an ecological support system composed of local accountants, lawyers and other professionals in the country where they are located, and also attract and retain high-quality local employees.” Quelch said that most multinational companies have actually experienced high tariffs during Trump’s first term and have done their best to adjust supply chains to avoid its impact. For Chinese companies, after standing out at home, they still need to work hard to succeed in overseas markets.
Cross-border integration of new energy vehicles has become a trend
Despite facing w88 barriers from many economies including the European Union, China’s electric vehicle exports will exceed 2 million units for the first time in 2024. Kang Bo, vice president of Thalys Group who attended this year's Davos, said that thanks to long-term investment and cross-border cooperation, China's new energy vehicle industry has formed advantages in terms of products, technology and cost, and its level of intelligence is also significantly ahead. The biggest challenge at present is to get global users to accept China's new energy vehicle brands and integrate them into the local market.
“Enterprises need to break away from the limitations of ‘w88’ thinking and embrace localization, including local production and employment. Only by being rooted in local society and culture can internationalization achieve sustainable development.” Kang Bo pointed out that cross-border integration in the field of new energy vehicles is becoming a trend, and Cyrus is cooperating with more and more world-class auto parts suppliers around the world to greatly improve the level of product intelligence.
Zhang Lei said that China's highly competitive new energy technologies such as electric vehicles and power batteries can help many countries produce renewable energy at a lower cost than fossil energy and own electric vehicles at a lower price than traditional fuel vehicles. For example, he said that in the next few decades, Morocco may become the origin of green ammonia, and Brazil may become the center of sustainable aviation fuel.
“The use of foreign capital has made important contributions to the development and technological progress of my country’s manufacturing industry.” Tu Xinquan said that foreign investment is also an important channel to strengthen economic and personnel exchanges in various fields between China and related countries.
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