Song Wenge: Strive to Develop State-owned Enterprises into Multinational Corporations with International Competitiveness

Release time:2018-06-25Author: Song Wenge

General secretary Xi Jinping has put forward the historical positioning of "six forces" for state-owned enterprises, and stressed that state-owned enterprises should become an important force in implementing major strategies such as "going out" strategy and "the Belt And Road Initiative" construction.Large state-owned enterprises are an important force for developing countries to realize economic transformation and upgrading. For developing countries, without a group of high-quality and strong competitive large-scale multinational enterprises to participate in international competition and safeguard national economic security on behalf of their countries, it is difficult for them to gain a firm foothold in the world market dominated by developed countries, and can only take a passive position in dealing with the negative effects of economic globalization. The importance of state-owned multinational corporations in the global economic arena is increasingly prominent. The law of economic development shows that the rise of a country's economy must be accompanied by the growth of a number of multinational companies. In order to ensure that China's economic transformation and upgrading is more rapid and the international competitiveness is more stable, it is urgent to improve the modernization level of state-owned enterprises and cultivate a number of multinational companies with international competitiveness.