President Xi displayed great awareness of the company’s profile, speaking at length about XCMG’s business development and multinational cooperation, as well as its talent- and Party-building efforts. He also acknowledged the company’s persistence in the revolutionary cause and its steady stream of achievements in past decades. Emphasizing the role of state-owned enterprises as both the material foundation and political protection supporting a distinct Chinese society with socialistic characteristics, President Xi pushed XCMG to continue making strides in deepening reforms and enhancing management in accordance with the guidelines of the 19th CPC National Congress.
President Xi also boarded the cab of the purely indigenous all-terrain crane XCA220, inquiring at length about the details of technical innovations and operation procedures. President Xi pointed out that developing and growing the real economy, with the manufacturing industry at its core, was of great importance. Since the equipment manufacturing sub-industry forms the backbone of the overall manufacturing industry, China will need to increase investment, strengthen R&D, and gain influence over technical discourse to occupy the most commanding global position in modern equipment manufacturing. Innovation is the source of core competitiveness of enterprises, as there are many techniques that either aren’t available or cannot be purchased. President Xi urged a shift from “Made in China” to “Created in China” to create legacy brands and implement the major policy decisions of the 19th National Congress concerned with bringing about revolutions in quality, efficiency and decision-making power. Highlighting the role of state-owned enterprises, President Xi said they should serve as a major force in supply-side structural reforms by aiming to satisfy international standards and leading other domestic industries in moving up the global value chain. President Xi exhorted XCMG to focus on global frontiers, and explore new modes and experiences in development.
Lu Chuan, president and deputy party secretary of XCMG, said that President Xi’s assessment was meticulous, not only with respect to the goals, but also the measures to achieve them.”
“XCMG will remain loyal to the party and win honors for our country. Please rest assured of this!” “I trust you.” Chairman Wang Min, who had served XCMG for 45 years, was deeply touched by the exchange.