Zhang Yuzhuo, Chairman of State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Miguel Ángel López Borrego, CEO of Germany-based Thyssenkrupp, in Beijing on Aug 14. The two sides had friendly and in-depth exchanges on strengthening practical communication and cooperation between enterprises, expanding collaboration in energy technology innovation, and promoting the green and low-carbon transformation of industries.
Zhang Yuzhuo, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), meets with Miguel Ángel López Borrego, CEO of Thyssenkrupp, in Beijing on Aug 14, 2023. [Photo/sasac.gov.cn]
Zhang warmly welcomed López and his delegation on their visit. He said that under the strategic guidance of Chinese President Xi Jinping and German Chancellor Olaf Scholz, the relations between China and Germany saw sustained, sound and stable growth, creating favorable conditions for cooperation between Chinese central state-owned enterprises (SOEs) and German companies.
SASAC is beefing up efforts to encourage and support Chinese central SOEs in developing strategic emerging industries and transforming and upgrading traditional industries, said Zhang, adding that this has opened up broad space for cooperation between Chinese central SOEs and prominent multinational companies such as Thyssenkrupp.
He said that SASAC will support Chinese central SOEs in expanding high-level cooperation with renowned multinational companies such as Thyssenkrupp in sectors including renewable energy development, green hydrogen production, industrial carbon reduction and utilization, and the green chemical industry on top of cooperation in traditional sectors, in a bid to create more development opportunities for the third-party market, and jointly achieve high-quality development.
López spoke highly of the achievements made in cooperation between Thyssenkrupp and Chinese central SOEs, and briefed the Chinese side on the company's industrial transformation and future development plans.
He said Thyssenkrupp attaches great importance to the Chinese market and is optimistic about the prospects for the upgrading and development of China's manufacturing industry. He hoped that Thyssenkrupp and Chinese central SOEs will further improve their communication mechanism, and increase cooperation in renewable energy development, industrial carbon reduction and utilization, and industrial digital transformation. Through joint efforts, Thyssenkrupp and Chinese central SOEs will boost the green transformation of the energy industry, enhance the stability of the industrial chain, and achieve mutual benefit and win-win results, he added.
Heads of Chinese central SOEs including China Petrochemical Corporation, China Datang Corporation, China Energy Investment Corporation, and Ansteel Group Corporation attended the meeting and shared views on cooperation with Thyssenkrupp.
(Executive editor: Hao Wen)
