People's Daily Talks about Cao Dewang: China's Economy Responsible for Entrepreneurs

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Abstract In the past few days, Cao Dewang, one of the representatives of Chinese private entrepreneurs and chairman of Fuyao Glass, continued to brush up. Cao Dewang invested 600 million U.S. and built an auto glass factory in Murray, USA. He himself published some opinions on the Chinese economy in an interview with the media...
In the past few days, Cao Dewang, one of the representatives of Chinese private entrepreneurs and chairman of Fuyao Glass, continued to brush up. Cao Dewang invested 600 million U.S. dollars in the construction of the auto glass factory in Mourne, USA. He himself published some opinions on the Chinese economy in the media interview and caused widespread concern. How do you view Cao Dewang investing in the United States? How to understand the current challenges facing the Chinese economy? For a time, there were different opinions.
Some media put their concerns on Cao Dewang's "running the road". Is it equivalent to "running the road" when investing in the United States? According to his own statement, “65% of the market sales made by Fuyao is in China. What do I run out of?” When the US factory was opened, Cao Dewang’s project in Tianjin was also opened, and he also took a piece of land in Suzhou Industrial Park. . In this way, it is more reasonable to think that Cao Dewang’s investment in the United States is an entrepreneur’s industrial layout in the world after comparing the domestic and international markets.
Today, the global market has formed a whole. The Chinese economy and the world economy are deeply integrated and interoperable, so that they can win each other. Therefore, it is necessary to distinguish the foreign investment of Chinese enterprises from the phenomenon of abnormal capital flight. If the normal overseas investment of Chinese enterprises is affixed with the label of “running the road”, or even play the role, it is not only not conducive to Chinese enterprises going out in the RMB. Under the background of devaluation pressure, it is easy to cause irrational market panic. In this regard, the media and public opinion should be especially rational, and carefully label the “running the road” to avoid secondary grievances and negative impact on confidence and expectations.
It should also be noted that Cao Dewang’s interviews have strong personal feelings, but indeed, from the perspective of entrepreneurs, they have touched on some deep contradictions and problems in the current Chinese economy. Labor costs are rising, tax burden is too heavy, backward overcapacity, finance and real estate squeeze the real economy... These problems are the bottlenecks that constrain China's economic transformation and upgrading, and the direction of reform. It requires the government and society to think deeply. Pragmatic solution.
The central government’s attitude is clear. China starts from the real economy and depends on the real economy to move toward the future. No matter when the economy develops, the real economy is the foundation for China's economic development and winning the initiative in the international economic competition. The just-concluded Central Economic Work Conference specifically put forward the "strive to revitalize the real economy" and revitalized the real economy as the main task of the supply-side structural reform, and proposed a very specific reform plan to reduce costs and make up the shortcomings. All kinds of transaction costs, especially institutional transaction costs, reduce the approval process, reduce the cost of various intermediary evaluations, reduce the energy cost of enterprises, and reduce logistics costs. It can be said that on the issue of reducing the cost of enterprises, the central government not only realizes the seriousness, but also the attitude is very pragmatic. In this process, instead of singing and singing, it is better to give more time to reform.
In the context of increasing economic downward pressure, this also touches on the confidence of the Chinese economy: how to understand China's economic development prospects? It should be said that the Chinese economy has experienced long-term prosperity and created a miracle of development. Entering the stage of deep adjustment will inevitably bring pain. Such structural contradictions have been encountered by some big countries in the development process. Once the pain has been adjusted, it will lay a solid foundation for the long-term economic development. As Cao Dewang said, "Confidence should make the problem clear." Building confidence is not to ignore the problem, but to solve the problem; to enhance confidence is not to sing high-profile, but to pragmatic actions to promote reform. It can be said that the determination of the Chinese government to solve problems and advance reforms is precisely to guarantee the confidence of China's economy.
Some people say that those who left China in the past 30 years have missed the opportunity of China. Entrepreneurs represented by Cao Dewang dare to ask questions and explain that they still have confidence in the Chinese economy. Pragmatically push forward reforms and solve deep problems, and countless entrepreneurs will grow up with China.

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