Yu Ping, Chairman of Yuchai Machinery Co., Ltd.: The Economic Crisis Brings Voice to Chinese Enterprises

The "2012 China Enterprises Top 500 Release and China Large Enterprise Summit" sponsored by the China Enterprise Confederation and the China Entrepreneurs Association was held on September 1, 2012 in Changchun City, Jilin Province. Yu Ping, chairman of Guangxi Yuchai Machinery Group Co., Ltd., attended the roundtable forum and said: In the face of the global economic crisis, it gives Chinese companies more say.

Junping said: In the past two years, our country’s economy has a feeling for everyone. Especially in the manufacturing industry, especially in the auto industry, our country’s auto industry should be said to have continued for a long time. In particular, during the “Eleventh Five-Year Plan” period, the government introduced a series of policies to stimulate domestic demand. In 2009, with the national energy crisis, the environment, and especially the strong international requirements for Chinese emissions, the automobile industry has seen a lot of Subtle changes. In the commercial vehicle sector, the production capacity of the entire country should be said to have a spurt in 2010. From this year to this year, retaliatory reimbursement has already occurred for that period of time. Yuchai should be said to be the largest domestic engine manufacturer. It has experienced negative growth for the first time in eight years in a row. It is the best in the industry, and its share has increased by several points from the same period of last year.

How to take a hard look at our country's manufacturing industry, especially as a basic industry, just a lot of my colleagues have said that real estate comes from the fast-moving industry, many companies give up their own main business, and why? Profit-driven. From the national industrial manufacturing industry to the enterprises like China, the manufacturing industry is the most labor-intensive, and it is the most important foundation for all the processes and R&D of a country. No attention has been paid at this point. During the National People's Congress, each year calls for the country, the most basic point of entry into the country's strategic areas, the core engine of the automotive industry. So we can now block almost all foreign brands. The engine that enters China every year is less than 1%. We basically monopolized South Korea, Japan, and Cummins five years ago. Engine injection R&D and core components still make Germany, U.S. corporate monopolies, we are also pondering this matter, the fundamental reason has not risen to the country's strategy.

Secondly, to the current economy, as entrepreneurs, it is imperative to be pragmatic. This is also related to national propaganda. The top 500 companies announced in China are mainly in scale, which should guide the company’s R&D and corporate reserves to positive publicity. The issue of central enterprises just mentioned is the lifeline of the country's economy. Some really need central enterprises to be very strong, some of them are not strong, and our country is not stable, but in the guide, the country should study the traditional industries of manufacturing. .

Our country is a big country of the industry. The price is too low. Why? I think that from the industry and the central state ministries and commissions, the auto industry has not created such a strategy because it has built a world brand. It is too long for the company to go this way. The first industrial revolution The second industrial revolution was not the same as this industrial revolution. At that time, there was no information support. A company had achieved the top level in the world in three years and five years. It is now global and has no national ones. Strategic support, our country has such a large demand.

Thirdly, judging from the recent experience, it may not be a bad thing for a company. Our competitors will decline at around 30 and 40%. We are unwavering with Yuchai’s R&D, quality, and corporate culture construction in recent years. Down-to-earth, just after last year and this year, ushered in a new round of opportunities for reorganization and negotiations with international supergroups. Without such opportunities, foreign countries will not seek us to talk. Why? Because many of the world's peers have to enter China, it is impossible to use his full-cost competition model. It is necessary to find a platform that must cooperate with Chinese companies before entering China. All of us can see that there is not a single thing that can be done in the Chinese platform. The current economic problems that I personally think or feel from me may not necessarily be a bad thing because we recently cooperated with the international restructuring. We have always been in the dominant right to speak. This has never happened in the past.

Finally, I would like to appeal to you. From the national level, we attach great importance to the traditional manufacturing industry. The strength of one nation and one country and the absence of a strong manufacturing industry are actually unstable. Who do we target to learn? This position is very important. In fact, from the point of view of the country, from the planning of the country to the strategic planning of the enterprise, we must also be well positioned. If companies set such standards at home, I think there is no vitality.

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