On October 30, 2010 Asian Economic Cooperation Forum opened at the CPPCC auditorium in Beijing. With the theme of Asian Economic Cooperation and Resource Sharing in the Context of Globalization, the forum brought together more than 300 people, including entrepreneurs and leaders of chambers of commerce from around China, as well as entrepreneur representatives and leaders of chambers of commerce from countries and regions such as Japan, Korea, Singapore, Malaysia, Maldives, Hong Kong, Macau, Taiwan, Europe and America. As a result, Yan Ping, chairman of Yuchai Group, was ranked among the Asian Distinguished Industrial & Commercial Leaders, and Yuchai was elected as member unit of the Asian Economic Cooperation Forum.

Since taking office in May 2005, Yan has led Yuchais constructors in forging ahead, achieving growth amid the financial crisis, creating the marvelous Yuchai Phenomenon in the industry, forming six business sectors of Yuchai-engine, construction machinery, logistics & vehicle trading, parts, energy chemical and special vehicle, maintaining fast growth for five years in a row by increasing the sales income from RMB 10.6 billion in 2004 to RMB 27.1 billion in 2009, and maintaining the industry lead for five consecutive years by increasing diesel engine production and sales from 218,000 in 2004 to 671,000 in 2009. Following the financial crisis, Yuchais growth drew extensive attention from the industry and media. From this January to September, Yuchai achieved a sales income and volume of RMB 27.644 billion and 579,600 engines respectively, up 39.14% and 9.99% year on year. Yuchai was ranked 227th among the top 500 Chinese enterprises in 2010, up 38 compared to 2009, and became one of the 100 fastest-growing enterprises in income. With a brand value of more than RMB 8 billion, Yuchai was placed 109th among the most valuable Chinese brands in 2010.

At the forum, attending experts believed that Asia is playing an increasingly important role in the world in such areas as politics, economy, diplomacy and climatic change after the global financial crisis. A series of regional cooperation and collaboration organizations are becoming more and more important. A new Asian economic pattern of global resource sharing, regional cooperation for win-win is forming. Chinas steady economic growth over the two years speeds up recovery from the global financial crisis, raises Chinas international political and economic status and voice in international affairs, and becomes increasingly important to the stability and development of the world economy.

(Mei Changfu)