SASAC - State-owned Assets Supervision and Administration Commission of the State Council

05/09/2017 | Press release | Distributed by Public on 05/08/2017 22:10

Xu Fushun Meets with Dr. Heinrich Hiesinger,Chairman of Thyssenkrupp AG

Xu Fushun Meets with Dr. Heinrich Hiesinger,Chairman of Thyssenkrupp AG

On April 13, 2017, SASAC Vice Chairman Xu Fushun met with Dr. Heinrich Hiesinger, Chairman of Thyssenkrupp AG.

Xu Fushun elaborated the efforts and progress made by central SOEs in cutting steel and electricity overcapacity, environmental protection technological innovation and mixed ownership reform. He said that as central SOEs cut their outdated production capacity, they have improved their weak links by enhancing technological innovation and raising the quality of products to realize efficient supply and continue to meet the market demand. SASAC supports central SOEs to cooperate with excellent multinational corporations, actively engage in the building of 'the Belt and Road' and realize a mutually beneficial and win-win development.

Dr. Heinrich Hiesinger introduced the main situations and operations of Thyssenkrupp AG. He pointed out that Thyssenkrupp AG has shifted its focus from steel to engineering and services and has conducted fruitful cooperation with Chinese central SOEs. Thyssenkrupp AG has confidence in the potential of the Chinese market and hopes to have more cooperation with Chinese central SOEs in more sectors. This will provide the market with products and services of better quality and boost the building of 'the Belt and Road'.