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Leadership throughout the crisis
By Ren Jianxin (chinadaily.com.cn)
Updated: 2009-05-10 08:58 When the re-adjustment in the inventory is gone, overcapacity may remain a long-lasting phenomenon. Therefore, instead of rushing into potential projects when the capital is available, we must first judge seriously the market conditions and potential future benefits, as well as our ability to compete, as inflation is likely to remain a reality when the economy picks up as a result of ample liquidity. I believe I proposed the right approach when I was asked to write a preface to the Collection of Works delivered to the Global Entrepreneur Summit at the end of last year: "This critical moment, more than any times in the past, calls for Chinese entrepreneurs to go global and face up to the challenges of globalization. More importantly, Chinese companies need to take up the economic leadership when major developed markets in Europe and North America are in contraction. We are naturally aware of the risk of the winner today turning out a loser tomorrow, due to the dramatic market fluctuations. Nevertheless, we will never be afraid of challenges. We will remain as confident as ever. " Today, within ChemChina, I reiterate the proposition I made last year and emphasize that we should have the heart and mind to go global. I believe that going out to reach new heights is not a way of resting on our laurels but rather our best option in dealing with the crisis and executing our correct operational philosophy and core value. The correct operational philosophy and core values are honesty and trustworthiness, mutual benefit, continued transformation, pursuit of excellence and contribution to the society. More concisely for ChemChina, it is to create values for shareholders and create employment for society. So, let us carry on with ambition and leadership amidst the crisis and embrace our core operational philosophy to open up new vistas for ChemChina in the next five years. (For more biz stories, please visit Industries)
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