To Yan Ping, an NPC deputy and chairman of Yuchai Group, enterprises should adhere to the modern business concept of "sustainable and healthy operation" in order to advance the reform, and the core of the reform is transformation and upgrading.

Yan deemed that to advance the state-owned reform, efforts should be made to ensure the value of state-owned assets and avoid losses of state-owned assets; and to establish systems, activate the vitality of state-owned enterprises and promote enterprise transformation and upgrading. In order to fully participate in international competition, China must accomplish industrial transformation, advance from traditional manufacturing to high-end manufacturing, pay more attention to manufacturing and applying intelligent products, and master core technologies

According to Yan, in the face of pressure and challenges, Yuchai Group launched the development strategy of "second startup" at the end of last year. Yuchai Industrial New City under planning is exactly the carrier and platform of the "second startup", which will focus on developing high-end manufacturing and stepping up the transformation and upgrading of Yuchai Group.

(Source: Tong Zheng/Economic Daily)