no.1 mar. 2017 · ic, legal and cultural risks. cultivation of a professional personnel ... highs...

VOL.39NO.1 Mar. 2017

YOUR RELIABLE PARTNER

Over the past 20 years, China National Machinery Industry Corporation (SINOMACH) has witnessed gradual develop-

ment in its overseas business from general trade and equipment sets, to project general contracting and overseas investment operations, and then to mergers and acquisitions. It has now become an explorer and leader of internationalized operation. I would like to share three of my ideas for better developing SINOMACH overseas business.

First, the international business of SINOMACH must be de-veloped amongst the implementation of the national “Belt and Road” Initiative. Efforts should be made to exploit the ad-vantageous resources of SINOMACH and its integration capacity for industrial resources, to focus on improving the level of indus-trialization of countries along the “Belt and Road” Initiative, to prioritize researching and seizing market opportunities presented by the industrialization and urbanization of those countries, to ac-tively assume technology upgrading and transformation projects of their state enterprises in relevant areas and participate in various ways their reform and industrial upgrading. Efforts must also be strengthened to actively carry out interconnection with neighboring countries, China-Africa capacity cooperation and construction of the “road, railway and regional aviation network and industrializa-tion” of Africa and actively undertake government-assistance proj-ects, so as to promote economic and social development of the host countries.

Second, we should promote transformation and upgrading of SINOMACH international business. Our company’s advantages in existing business must be exploited to promote the expansion of its traditional international engineering contracting, import and ex-port trade and other business; to help its subsidiaries and affiliated enterprises promote regionalization, territorialization and intensive development of their overseas markets for tapping their potentials

in depth; to judge the new pattern, new developments and new trends of its international business, we should continue increasing the innovation and upgrading of our company’s business models, and promote EPC+, industrial park construction and other business development; to focus on expanding overseas green investment, franchise and other projects, we must timely carry out mergers and acquisitions and equity cooperation aimed at acquiring overseas advanced technology, high-end talents, strategic resources and brand channels; we need to fully use new technical means for exploring the development of cross-border e-business and “Internet +” business model; we should implement national initiatives, promote globalization of agriculture, integrate the “three rural” resources of SINOMACH and seize the huge potential of overseas agricultural markets, so as to strengthen our company’s business in agricultural equipment.

Coordinated deployment should be exercised for international business so as to actively promote our company’s synergistic de-velopment and the coordination between manufacturing, research and development enterprises. Meanwhile, management should be strengthened for overseas branches to exploit and expand the over-all effect of SINOMACH marketing network overseas and continu-ously enhance its business synergy.

Finally, we must control risks for SINOMACH international business. Risks prevention and contingency planning measures must be enhanced to ensure the safe, steady and healthy develop-ment of its international business in view of the political, econom-ic, legal and cultural risks. Cultivation of a professional personnel with an international vision and well versed in a foreign business environment and knowledgeable of international business rules shall be accelerated to enhance transnational management and risk control.

Three Ideas for Creating a New SINOMACH OverseasRen Hongbin Chairman of SINOMACH

SINOMACH VOICE

VOL.39 NO.1 Mar. 2017 1

Three Main BusinessR&D and ManufactureProject ContractingTrade and Services

Market PositionRanked 293rd among Fortune Global 500Ranked 1st among China’s Top 100 Enterprises in Machinery Industry Ranked 25th among Top 250 International Contrac- torsRanked 72nd among Top 225 International Design FirmsRanked 17th among China’s Top 500 Foreign Trade EnterprisesRated as Class A in central enterprise performance appraisal

This publication is intended for no commercial purpose but for internal exchange only.

Internal magazine for free subscription and all rights re- served. Written permission is required for the reprint of any part or the whole of the content in the magazine.Part of the picture source: Getty Images

PublishPublished by:China National Machinery Industry CorporationWebsite: www.sinomach.com.cnAddress: No.3 Danling Street, Haidian District, Beijing, China 100080Tel: (86-10) 8268 8888Fax: (86-10) 8268 8811

Members of Editorial BoardEditor-in-Chief: Shi KeDeputy Editor-in-Chief: Xie BiaoChief Editor: Zhai XianghuiExecutive Chief Editor: Zhou LongEditor: Lou Minghui Mao WeiyangCorrespondent: Zhang Qingchun Duan Ting Chen Ziyao Liu Xuesong Wang Bo Yue Xin

Editorial DepartmentTel: (86-10) 82606725, 82688727Fax: (86-10) 82688724Editorial Company: Beijing Prominion Publishing Co., Ltd.Design: Beijing Prominion Publishing Co., Ltd.E-mail: [email protected]

CONTENTS

SPECIAL PLAN

FOCUS POINTS

Top 10 Overseas Projects of SINOMACH Over the Past Two Decades

Indicators over the Past Two Decades 1997-2017

Honors & Rankings

2016 SINOMACH Track Record: Total Profits Reach New Highs

Ren Hongbin Attends the 2017 Davos World Economic Forum

SINOMACH Wins 2016 National Science and Technology Progress Award

SINOMACH Visits

Construction of Enterprises in China-Belarus Industrial Park Presents Initial Success

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PROJECT PROGRESS TRADE AND SERVICES

SINOMACH OVERSEAS

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CNEEC Successfully Expands the PV Market of Multiple Countries

CAMCE Business Contracts with Iran for Phase I and II of Mining Equipment Supply Come into Effect

SINOCONST Wins Bid for Clean Fuel Project of Kuwait

CHMC Signs EPC Contract with EDC for the 230 kV Trans-mission and Transformation Project (Part 2, Phase II)

CMEC Tenaga Wind Power Project Receives Acceptance Certificate

CMEC 220 kV Power Transmission and Transformation Project in Angola Complete

CHMC Phnom Penh-Bavet 115 kV Transmission Line Charged Operation Successful

Kick-off Meeting Held for the Cambodian Rural Grid Exten-sion Project (Phase V and VI)

The Ecuadorian President Attaches Great Importance to CAMCE Projects, Inspects Multiple Ones

CHMC Signs MoU with EDC for Establishing CHMC Scholarship

CAEC Successfully Acquires 100% Stake of Finoba

Fulfilling My Dreams at CAMCE and Paying Tribute to the Farming Team

As a highly competitive international engineering contractor in

the world, SINOMACH provides global markets with engineering

services featuring equipment sets, EPC, BOT and BOO. The company

covers the entire industrial chain, from project development,

financing and investment to project planning, surveying, design and

construction, to providing complete sets of equipment, operation and

maintenance. Over the past 20 years, it has achieved a number of

breakthroughs in overseas business endeavor by Chinese businesses

and implemented multiple influential major projects and system

integration projects.

Let us look back at the ten most influential overseas projects of

SINOMACH on the occasion of the 20th anniversary of its founding.

Top 10 Overseas Projects of SINOMACH Over the Past Two Decades

From the Editor Introduction

Thar Coal-Electricity Project in Pakistan

EREN (1 + 1) × 600 MW Supercritical Coal-Fired Power Plant Project in Turkey

Thermal Power Plant in Sri Lanka

INDRAMAYU 3 × 330 MW Coal-fired Power Plant in Indonesia

China-Belarus Industrial Park Project

El Vigia Combined Cycle Power Plant and Supporting Power Transmission Project in Venezuela

Riverside Comprehensive Development Project in Vientiane, Laos

Thilawa Shipyard Project in Myanmar

BOT Project of Tatay Hydropower Station in Cambodia

1.25 MW Photovoltaic Power Plant Project in Punjab, Pakistan

SPECIAL PLAN

4

Invested by EREN, the Turkey en-ergy and electric company owned by CMEC, the project is located in Catalagzi City, Zonguldak, a prov-ince in the Black Sea region in north Turkey. The total installed capacity were furnished by two 600-mega-watt supercritical coal-fired gener-ating units, which had been the first of their kind exported by China, and installed and put into operation in Turkey on schedule. Supporting engineering included the flue gas desulfurization and denitrification

facilities, for which SCR denitrification system and limestone wet desulfuriza-tion system were adopted, respectively. The units were equipped with a high efficiency electrostatic precipitator and high-performance plasma burners were used for boiler ignition. The two units were transferred to the proprietor for commercial operation in October 2010 and January 2011, respectively. At the end of 2012, the project won the Luban Award (for Overseas Projects) - the highest award of the Chinese construc-tion industry.

At the end of 2012, the project won the Luban Award (for Overseas Projects) - the highest award of the Chinese construction industry.

EREN (1 + 1) × 600 MW Supercritical Coal-Fired Power Plant Project in Turkey2

Pakistan is the traditional core market of CMEC, a subsidiary of SINOMACH, and an important country along the “Belt and Road.” In order to implement the “Belt and Road” Initiative of China and execute the strategic planning of “investment-driven EPC business,” SINOMACH made arrangements for CMEC to invest about USD163 million in equity in the opencast coal mine with an annual capacity of 3.8 million tons and the 2 × 330 MW coal-fired power plant in Thar Coalfield in the Sindh Province of

Pakistan. The power plant involved a total investment of USD1.115 billion, and a total capital of USD279 million, while the corresponding figures for the coal mine were USD845 million and USD211 million, respectively. The project had been included in the first batch of projects approved for the “China-Pakistan Economic Corridor.”

The project had been included in the first batch of projects approved for the “China-Pakistan Economic Corridor.”

Thar Coal-Electricity Project in Pakistan1

VOL.39 NO.1 Mar. 2017 5

SPECIAL PLAN

Involving two thermal power plants, the EPC project was undertaken by CMEC for the Government of Sri Lanka in the country’s Kalpitiya Peninsula. It was constructed in two phases, with the first one involving one thermal power plant with a ca-pacity of 1 × 300 MW and the sec-ond one involving two 2 × 300 MW thermal power stations.

It was the largest cooperative proj-ects between China and Sri Lanka, and the largest governmental infra-structure project in Sri Lanka. The

The INDRAMAYU 3 × 330 MW thermal power project built by Chi-na National Electric Engineering Co., Ltd. (CNEEC) is a national key power project of the Indonesian National Electricity company (PLN) aimed at meeting the domestic

project was highly recognized by the Government of Sri Lanka thanks to the excellent project management capability of CMEC. It was given the “China Project Management

electricity demand of the country, especially the growing demand for electricity on Jawa Island in central Indonesia. It was one of the import-ant projects under the framework agreement for energy cooperation between China and Indonesia.

The project was given the “China Project Management Achievement Award” by the Project Management

Committee of Chinese Society of Optimization, Overall Planning and Economic Mathematics.

It was one of the important projects under the framework agreement for energy cooperation between China and Indonesia.

The project is located on Jawa Island, Indonesia’s major industrial and eco-nomic center, and the electricity is directly sent to the Indonesian national grid. Three 1050 t/h subcritical boilers and three 330 MW steam turbine gener-ators were installed for the power plant, with seawater used for direct cooling.

Thermal Power Plant in Sri Lanka

INDRAMAYU 3 × 330 MW Coal-fired Power Plant in Indonesia

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Achievement Award” by the Project Man-agement Committee of Chinese Society of Optimization, Overall Planning and Economic Mathematics on November 17, 2012.

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SPECIAL PLAN FOCUS POINTS TRADE AND SERVICES SINOMACH OVERSEASPROJECT PROGRESS

Undertaken by China CAMC Engi-neering Co., Ltd. (CAMCE), Chi-na-Belarus Industrial Park Project was a major industrial park project of SINOMACH during the “Twelfth Five-Year Plan” period and the largest project of investment promo-tion in Belarus. It has been highly cherished by the governments of the two countries, and its importance has reached the height of strategic partnership between the two gov-ernments. In 2015, heads of state from the two countries inspected the project site and spoke highly of it. At present, it has become an important project for promoting the implementation of the “the Belt and Road” Initiative.

China-Belarus Industrial Park

enjoys enjoys convenient transpor-tation due to its location near the Minsk International Airport. With a total land area of 91.5 square km, 8 square km were planned for the first phase, including a starting area of 3.5 square km. At present, con-struction of the main road and pipe network has been completed for the starting area and eight companies have officially settled down in Chi-na-Belarus Industrial Park. Among them, China Merchants Group, Zoomlion, Chengdu Xinzhu Corpo-ration and Gansu Poly Xin Agricul-tural Science and Technology Group have signed agreements for lease of 122 hectares of land. In addition, construction has been launched for China Merchants Logistics Hold-ings Co., Ltd., and ground-breaking

China-Belarus Industrial Park has become an important project for promoting the implementation of the “Belt and Road” Initiative.

China-Belarus Industrial Park Project5

ceremonies held for Gansu Poly Xin Ag-ricultural Science and Technology Group and Chengdu Xinzhu Corporation. The industrial park has signed letter of intent for settling down with 22 enterprises.

VOL.39 NO.1 Mar. 2017 7

SPECIAL PLAN

The project involved construction of a bi-fuel combined cycle power plant with a total installed capacity of 570 MW, as well as three support-

Laos Riverside Comprehensive Development Project was jointly developed by CAMCE and Lao Kitriphong Group. Covering an area of about 425,000 square meters and located in the heart of Vientiane, it is the first international-level mod-ern city center in Laos. The first phase of the project - the ASEM Villa - was the “state guesthouse” exclusively built for heads of state who attended the Ninth Asia-Pacific Summit. In November 2012, the official residence accommodated

ing substations and a transmission project of 56 km in the suburbs of El Vigia, Merida, over a total duration of 33 months. It was the first F-class

46 heads of state, heads of govern-ment and senior officials attending the Ninth Asia-Europe Summit. In December 2012, President of Laos Choummaly Sayasone issued a pres-idential order and honored CAMCE with Third Labor Medal in recogni-tion of its outstanding contributions to the Ninth Asia-Europe Summit, National Committee. CAMCE In- vestment (Lao) Co., Ltd. and Dong-chang Hotel were awarded Second Development Medal.

At present, the three units of El Vigia Power Station are running in good condition, with stable performances. With a cumulative generating capacity of more than 550 million kWh.

Laos Riverside Comprehensive Development Project is the first international-level modern city center in Laos.

El Vigia Combined Cycle Power Plant and Supporting Power Transmission Project in Venezuela

Riverside Comprehensive Development Project in Vientiane, Laos

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60-Hertz large-scale gas turbine combined cycle power plant project undertaken by Chinese companies overseas and the first EPC contract signed by a Chinese company with the state power company of Venezuela.

Venezuelan President Nicolás Maduro vis-ited the site and hosted ceremony for com-missioning the first unit and its integration to the grid. At present, the three units of El Vigia Power Station are running in good condition, with stable performances. With a cumulative generating capacity of more than 550 million kWh, they have effectively alleviated the electricity shortage throughout Venezuela.

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With a total investment of USD540 million, Cambodian Tatay Hydro-power Station was undertaken by China National Heavy Machinery Corporation (CHMC) in BOT mod-el (build-operate-transfer). After

completion, it boasted a total installed capacity of 246,000 kW. The power station was located in Tatay, Koh Kong Province and the construction period was five years and operation period 37 years. It is the hydropower station with the largest installed capacity for a single project in Cambodia, the main power source of Cambodian national power grid and also the largest hydropower station built and invested by Chinese enterprises in Cambodia.

It is the hydropower station with the largest installed capacity for a single project in Cambodia, and also the largest hydropower station built and invested by Chinese enterprises in Cambodia.

BOT Project of Tatay Hydropower Station in Cambodia9

China Agricultural Machinery Cor-poration, the CAMCE’s predecessor, signed the contract for constructing Phase I Thilawa Shipyard with the

Procurement Department of Myan-mar Ministry of Defense in April 1998 in the then Myanmar capital Yangon. With a contracted amount

It marked the ascension of the country to world advanced level in design and manufacture of ship lifts.

Thilawa Shipyard Project in Myanmar8of USD91.3 million, it was a “turnkey” project. After completion of Phase I, the project had an annual capacity for build-ing five ships ranging from 1500 to 3000 in tonnage, and repairing fifty ships of the same tonnage. When fully built, its shipbuilding capacity reached 10,000 tonners and repairing capacity 20,000 tonners. Thilawa Shipyard is currently the largest shipyard built in Myanmar. The largest overseas shipyard constructed by China filled multiple blanks of China in the design, manufacture, installation and debugging of large ship lifts and marked the ascension of the country to world ad-vanced level in design and manufacture of ship lifts.

VOL.39 NO.1 Mar. 2017 9

SPECIAL PLAN

As the first megawatt-class ground photovoltaic power plant in Pakistan, the 1.25 MW Photovoltaic Power Plant Project in Punjab covers an area of 16,000 square meters. Upon completion, it boasted a power gen-eration capacity of 1.745 million kWh. It reduced dioxide emission by 1580 tons of carbon while meeting the household electricity demand of 110 local villages and some auxiliary electricity demands.

The project s i te had a typical high-temperature and high-humidity environment. In order to ensure its long-term stable operation under the extreme environment, PV modules developed by Phono Solar, a subsid-iary of Sumec Group Corporation (SUMEC), capable of performing

Integration to the power grid of the 1.25 MW photovoltaic power plant in Punjab Province constituted a successful attempt of SUMEC in exploring new models of energy engineering business overseas by implementing the “Belt and Road” Initiative.

1.25 MW Photovoltaic Power Plant Project in Punjab, Pakistan10

10under high temperature and high humidity were adopted. The general contractor SUMEC won the praise of the Pakistani investors with its high-quality, stable and efficient equipment and professional engi-neering management. Integration to

the power grid of the 1.25 MW pho-tovoltaic power plant in Punjab Prov-ince constituted a successful attempt of SUMEC in exploring new models of energy engineering business over-seas by implementing the “Belt and Road” Initiative.

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Indicators over the Past Two Decades1997-2017

Compared with 1997, the total assets, annual revenue and annual profit of SINOMACH increased by 18.6 times, 23.2 times and 81.5 times respectively

at the end of 2016. Its annual taxes increased from RMB 350 million yuan in 2001 to RMB 11.35 billion yuan in 2016. The rapid growth in its operational indicators is attributable to two factors. First, it has seized the favorable opportunities presented by the fast growth of China’s economy for development in leaps and bounds. Second, it has constantly improved and expanded its business chain and integrated internal and external resources for scale and synergies effects.

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18.6-fold increase in total assets

81.5-fold increase in total profit

23.2-fold increase in total annual revenue

31.2-fold increase in total taxes and fees

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VOL.39 NO.1 Mar. 2017 11

SPECIAL PLAN

EVA data

Data on total volume of imports and exports

Data on the amount of new contracts

Unit: RMB 100m

Unit: $100m

Unit: $100m

Statistics of EVA indicators have been compiled since 2010, seeing an overall upward trend over the past six years. After reorganization with China Erzhong in 2013, some loss has been digested. With a slight adjustment, there has been an upward trend in the recent three years.Note: According to the relevant provisions of the SASAC, the criteria for EVA calculation in 2016 has been adjusted

From 2003 to 2010, the total volume of imports and exports saw a steady average annual growth rate of 12.1%, and there was a substantial year-on-year increase in 2011. After adjustment stage by stage, imports and exports saw an overall upward trend.

The amount of new contracts continued to grow from 2006 to 2014, peaking in 2014. In 2016, new contracts saw year-on-year growth of 13% after temporary adjustment in 2015.

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Honors & Rankings

No. 278 on the list of Fortune Global 500

No. 56 on the list of Top 500 Enterprises of China

No. 23 on the list of ENR Top 250 International Contractors

No. 1 on the list of China’s Top 100 Machinery Industry Enterprises

No. 58 on the list of ENR’s Top 225 International Design Firms

No. 14 on the list of China Top 500 Foreign Trade Enterprises

No. 1 on the list of China's Import and Export Companies in the Machinery Sector

Awarded the “Most Valuable Enterprise” by China Annual Management Summit

Social Responsibility Award for Chinese International Engineering Contractors

Level A in performance evaluation of government-owned companies by SASAC for eight consecutive years

No. 1 on list of China’s Largest Automobile Trade and Service Providers

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2016 SINOMACH Track Record: Total Profits Reach New Highs

In 2016, SINOMACH actively implement-ed the national “Belt and Road” Initiative

to further expand its overseas business and vigorously promote international cooperation in production and equipment manufacturing.

The amount of contracts signed by China CAMC Engineering Co., Ltd. (CAMCE) in coun-tries along the “Belt and Road” has seen rapid increase. CMEC has established regional centers in Singapore and Dubai, speeding up the process of regionalization and localization of its contracting business. CHMC has strengthened the operational management and risk control of its BOT projects. China IPPR International Engineering Corporation (IPPR) has actively promoted its reorganization with the National Design Institute of Belarus, initiating new aspects of international management.

In 2016, the total revenue for China National Machinery Industry Corporation (SINOMACH)

was 214.82 billion RMB, with total profits reaching an all-time high of 8.66 billion RMB.

SINOMACH’s newly signed contracts amounted to 43.9 billion USD, an increase of 13.1%,

with the amount of foreign contracts growing by 57.6%.

The details are as follows:

International Business Expansion Continues

China National Heavy Machinery Corporation (CHMC) signed a contract worth 2.1 billion USD

for the Laos coal-fired project

China Perfect Machinery Industry Corp., Ltd. (CPF) signed a contract worth 1.67 billion USD for the

Belarus potash fertilizer plant project

China Machinery Engineering Corporation (CMEC) signed a general contract worth 1 billion USD for the expansion of the 650MW gas-turbine com-

bined-cycle power plant in Basra, Iraqi

Market Development Steadily Advances1

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Through the “Belt and Road” Initiative, a number of projects saw substantial progress.

In 2016, SINOMACH signed 43.9 billion USD worth of new contracts, an increase

of 13.1%, with the amount of foreign con-tracts growing by 57.6%. The increase in the amount of new contracts being signed has laid a solid foundation for the steady growth of business performance in the years to follow.

2.1 1.67 1Billion USD Billion USD Billion USD

VOL.39 NO.1 Mar. 2017 13

FOCUS POINTS

In 2016, SINOMACH and its affiliated enterprises steadily accelerated the pace of business model innovation, enhanced business structure adjustment, and optimized market layout, sig-nificantly improving their competitiveness.

China Ocean Aviation Group Limited (COAGL) actively implemented the strategy of nu-clear power “going out” and signed the contract for the water intake and drainage project of Pakistan Karachi Nuclear Power Plant.

SUMEC Group Corporation (SUMEC) promoted a business model designed for the utili-zation terminal of new energy industrial chains. SUMEC also firmly established and imple-mented the business portfolio of “product, equipment, engineering trade + EPC + project transfer and operation + distributed deployment”, enhancing its differentiated business ca-pacity. Through exploring “Internet +”, CMEC cross-border electronic business witnessed profitable operation and the CMEC e-business platform initially took shape.

China National Erzhong Group Co. (CNEG) has strictly followed the requirements for the procurement business, improved its cost management system and management mech-anism, and steadily reduced non-productive expenditure. Sinomach Automobile Co., Ltd. (SINOMACH AUTO) has exercised fine management to enhance operational efficiency and standardized the 67 major business processes of its 4S stores, saving costs through con-trolling the business process with an information system.

Pattern Innovation Steadily Accelerates

Cost Reduction and Efficiency Enhancement Launched in Depth

Loss Reduction for Profit Increase Steadily Deepens

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pointsBillion RMB

Product

EPC

Engineering trade

Project transfer and operation

Distributed deployment

Equipment

SUMEC also firmly established and implemented the business

portfolio

SINOMACH experienced a loss of 26.2%, a decrease of 1.4 percentage points.

Its losses totaled 3.01 billion RMB, an amount reflecting a decrease of 3.62 bil-lion RMB year-on-year.

SUMEC

14


Ren Hongbin Attends the 2017 Davos World Economic Forum

Interconnection is an important driving force for the future development of infrastructure and an important

means for economic prosperity. Building an interconnected and inclusive global economy will be the most

effective and systematic solution for the world today and will bring about more opportunities and development poten-

tials for countries around the world.

Ren Hongbin in Discussion With Guests at the “Future of Infrastructure Development” Sub-Forum

Ren Hongbin Attending “The Role of China in Global Recovery” Sub-Forum. This forum is the joint debut of Chinese state-owned enterprises overseas, and furnishes convincing “Chinese opinions” for affirming the direction of economic globalization.

SASAC Director Xiao Yaqing Presenting Mr. Schwab, Chairman of the World Economic Forum, with the Maliu Embroidery Work brought by Ren Hongbin and created by Villagers of Yulin, Sichuan. Yulin Village has been benefiting from the partner-assistance model sponsored by SINOMACH.

From January 17 to 27, 2017, the 2017 World Economic Forum was held in

Davos, Switzerland. Chinese President Xi Jinping attended the opening ceremony and delivered a keynote speech, stressing that a community of common destiny for all man-kind be established and that concerted efforts be made to promote global development.

SINOMACH Chairman Ren Hongbin attend-ed the opening ceremony as a representative of Chinese entrepreneurs and participated in events such as the “Future of Infrastructure Development” and “The Role of China in Global Recovery.”

At the “Future of Infrastructure Develop-ment” sub-forum held on the 17th, Ren Hongbin shared his thinking and suggestions on infrastructure construction as a Chinese representative: “Interconnection is an im-portant driving force for the future devel-opment of infrastructure and an important means for economic prosperity. Building an interconnected and inclusive global econo-my will be the most effective and systematic solution for the world today and will bring about more opportunities and development potentials for countries around the world.”

In a media interview, Ren Hongbin pointed out that from the “Belt and Road” Initiative to the creation of the Asian Infrastructure Investment Bank, China has built a new en-gine for global economic development Chi-na’s extensive participation in international economic development and construction not only benefits the promotion of domestic eco-nomic restructuring and resolution of excess capacity, but also provides many countries with international capital to accelerate their infrastructure construction and promote economic development, contributing to im-provement of the local people’s livelihood and achieving a win-win situation and inclu-sive development.

It is reported that this Davos Forum brings together more than 3,000 representatives from the political, business, academic, and media circles, from hundreds of countries and regions around the world. Among them, 1/3 of the participants were from regions other than Europe and North America, and 1/3 from were from outside industrial and governmental sectors. The recorded number of guests and the diversity of representa-tion seen at the forum both established new records.

—Ren Hongbin Chairman of SINOMACH

VOL.39 NO.1 Mar. 2017 15

FOCUS POINTS

SINOMACH Wins 2016 National Science and Technology Progress Award

On January 9, 2017, at the 2016 Na-tional Science and Technology Award

Conference held in the Great Hall of the People, the “China National Machinery In-dustry Corporation (SINOMACH) Scientific Innovation Project” won second place for the National Science and Technology Prog-ress Award, marking the inception of a new stage in the scientific innovation initiatives of SINOMACH.

In 2003, SINOMACH launched the scien-tific and technological innovation project. Since then, it has established 37 national R & D platforms and built a large-scale R & D force comprised of ten thousand members. SINOMACH has created more than 1,000 “China firsts” and “first set” equipment and acquired 7443 authorized patents—with an annual growth rate averaging 31.5%. SINOMACH has won 30 National Science and Technology Awards and formulated or revised 4466 national and industrial stan-dards. The initiative has furnished strong support for turning SINOMACH into a Top 500 world enterprise with the largest scale, the most comprehensive industrial chain, and the strongest innovative capacity in the Chi-

nese machinery industry. SINOMACH has made significant contributions to the nation-al economy, national defense and security, energy-saving and emission reduction, and industrial progress, and has explored a new path and mode for innovative development by enterprises in the machinery industry.

At the 2016 National Science and Technolo-gy Award, prizes were given to a total of 279 projects, seven scientists and technological specialists, and one international organiza-tion. Among them, two were awarded the top national prize for science and technol-ogy; 42 were awarded the National Natural Science Award, including one first prize and 41 second prizes; 66 were awarded the Na-tional Technology Invention Award, includ-ing three first prizes and 63 second prizes; 171 were awarded the National Science and Technology Progress Award, including two top prizes, 20 first prizes, and 149 second prizes. In addition, five overseas scientists and technological specialists and one in-ternational organization were awarded the China International Science and Technology Cooperation Award.

Provincial and National Industrial Outstanding Achievement Award:258

80 Science and Technology Awards 133 Survey 1605 and Design Consulting

Awards

Patents Applied for:1605Invention Patents:659

Standard Systems Revised as Chair or Participant:769

National Standard:241

Authorized Patents:1332Invention Patent:517

258

1605

769

1332

Achievement Award

Patents Applied

Systems Revised

Patents

Fruitful Results of SINOMACH Scientific Innovation in 2016

16


SINOMACH Visits

Meets with of Bases Conversion

and Development Authority (BCDA)

January 24, 2017

The two sides exchange views on promoting the development of economic and trade

relations between China and the Philippines, as well as cooperation in infrastructure

construction.

The two sides discussed further expanding SINOMACH investment and project con-

struction in Pakistan.

Meets with Ms. Elif Bilgi Zapparoli, chairman of Asia-Pacific Global Corporate and Investment Banking, Bank of America Merrill Lynch

March 7, 2017

The two sides exchanged views on overseas financing, new business development, capital operation,

mergers and acquisitions, and so on.

Meets with Egypt Ministry of National Defense Major General Mohamed Abdelhay

February 14, 2017

The two sides exchange views on cooperation in

agricultural projects, including greenhouse projects.

Meets with Zafar , special envoy of China-Pakistan Economic Corridor from the Pakistani Embassy in China

March 3, 2017

Liu JingzhenDeputy General Manager of SINOMACH

Xie BiaoVice President of SINOMACH

Inspects German Company Finoba

February 24, 2017Ding HongxiangVice President of SINOMACH

Finoba briefly introduces to the delegation its main products, process, equipment

capacity and quality control, as well as new orders recently received, its judgment of

the future development of the industry, and its detailed development plan formed in

accordance with the industrial trend and its own conditions.

VOL.39 NO.1 Mar. 2017 17

FOCUS POINTS

Ren HongbinChairman of SINOMACH

Construction of Enterprises in China-Belarus Industrial Park Presents Initial Success

Infrastructure Construction Accelerates

The China-Belarus Industrial Park is a priority park project of SINOMACH for the “12th Five-Year Plan” period and the largest project of economic and trade

cooperation between China and Belarus. It is highly cherished and supported by the two governments. On May 12, 2015, heads of state from the two countries paid a visit to the park site for inspection, and spoke highly of the project, while proposing turning it into a landmark and model project under the “Belt and Road” Initiative. The China-Belarus Industrial Park enjoys convenient transportation for its location near the Minsk International Airport. Of the total 91.5 square kilometer land area, 8 square kilometers were planned for the first phase, including a starting area of 3.5 square kilometers.

So far, the China-Belarus Industrial Park has successfully constructed 11.1 kilometers of artery road, the infrastructure for the 3.5 square kilometer starting area, and a to-tal of 12,500 square meters of R & D buildings and 8,000 square meters of standard factory buildings. These accomplishments have provided excellent conditions for the facilitation of comprehensive foreign investment.

To this date, eight enterprises have established themselves in the industrial park and another 30 have expressed intentions to follow suit, reflecting a positive trend in in-vestment promotion.

At present, infrastructure for the 3.5 square kilometer starting area has been completed and the basic conditions required to attract comprehensive foreign investment have been satisfied:

Real View of the Entrance to China-Belarus Industrial Park

Real View of No. 1 Road

Bike Lanes, Sidewalks, Safety Isolation Strip

A main road of 11.1 km has been built

The construction of rainwater treatment plants, water supply plants, and pumping stations has been completed with the construction of the sewage

treatment plant expected to be completed in March, 2017

Road Plants and stations

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The Establishment of Enterprises and Their Development in Construction and InvestmentAt present, China-Belarus Industrial Park has assumed a favorable trend for investment promotion, with eight companies officially established, two of which have started civil engineering, and thirty companies intended for construction. The main-body project of Phase I for China Merchants Logistics Hold-ings Co., Ltd. has been roofed, with a con-struction area of 100,000 square meters. Con-struction of Chengdu Xinzhu Corporation’s Aowei Super Capacitator, the first R&D project of the Park, has been accelerated and official production is expected in 2017. Zoomlion and the Belarusian Nano Pectin are expected to launch civil engineering.

The main-body project of Phase I for China Merchants Logistics Holdings Co., Ltd. has been roofed

The initial results that have been achieved during the development of China-Belarus Industrial Park are as follows:

Phase I for China Merchants Logistics Holdings Co., Ltd. has been capped; with a construction area of 100,000 square meters, it is expected to be completed within the year.

Chengdu Xinzhu Corporation’s Aowei Super Capacitator, the first R&D project of the Park, is under construction and assembly-line production is expected in 2017.

Civil engineering for Zoomlion and the Belarusian Nanometer Pectin is about to start.

The R & D building of 12500 square meters has been capped, with the main body project to be completed within the year.

The standard factory of 8000 square meters has been capped and will be commissioned within the year.

The China-Belarus Industrial Park has hosted a wide range of investment pro-motion activities, facilitating exchanges between a number of domestic and foreign political and business delegations. A total of 62 Chinese governmental and corporate inspection delegations have been entertained, with over 500 cor-porate delegates. In addition, it has welcomed 42 companies and industrial or-ganizations from 14 countries including Lithuania, Russia, Ukraine, the United Arab Emirates, Israel, Turkey, Germany, Switzerland, Japan, Canada, the Unit-ed States, Azerbaijan, South Korea, and the Czech Republic. The details of the policies of the China-Belarus Industrial Park and its construction, as well as the exploration of cooperation methods were the focal points of these exchanges.

100,000 12,500 8,000Square meters

Under construction About to start

Square meters Square meters

VOL.39 NO.1 Mar. 2017 19

FOCUS POINTS

Contracts Signed

Bids Won

On January 18, 2017, China Machinery Industry Construction Group Inc. (SINO-CONST) received an award notification from the JGSK Consortium for the Kuwait CFP (Clean Fuel Project). With the contract valued at 129.28 million RMB, the project is expected to be completed over 13 months.

SINOCONST Wins Bid for Clean Fuel Project of Kuwait

CNEEC Successfully Expands the PV Market of Multiple Countries

CAMCE Business Contracts with Iran for Phase I and II of Mining Equipment Supply Come into Effect

On December 23, 2016, China National Electric Engineering Co., Ltd. (CNEEC) successfully signed the EPC contract for Brazilian SOL DO FUTURO Photovoltaic Power Plant Project. Six days later, it once again obtained a PV order as a result of sign-ing the EPC contract for the 200MW Phase 1 Production Line for the Indian CET-LAN PACIFIC 630MW Solar Cell Project.

The Brazilian SOL DO FUTURO Photovol-taic Power Plant Project is a clean energy project vigorously promoted by the Brazilian

government. It involves the construction of three new 30 MW photovoltaic power plants. With a total installed capacity of 90 MW, a construction duration of 10 months, and a total investment of 172 million USD, the project will improve the pattern of ex-cessive reliance on hydropower by the Bra-zilian Power Grid, while further expanding CNEEC’s share of the clean energy market.

The Indian Solar Cell Project is located in the Lanco Solar Photovoltaic Industrial Park in Rajnandgaon County, India, with a

On December 8, 2016, China CAMC Engineering Co., Ltd. (CAMCE) signed the mining equipment supply contract for Phase I and Phase II Project with the Middle East Kara-varan Industry Company. On January 20, 2017, CAMCE received a letter of credit from Karavaran, indicating

that the contract had come into effect.

The project has a total contract amount of 1,511, 536,000 RMB, with 874,030,400 RMB dedicated to Phase I and 637,505,600 RMB dedicated to Phase II. Located in the Iranian province of Coleman, the project in-volves mine equipment design, procurement, construction, and installation. The total dura-tion of the contract is 24 months.

total planned capacity of 630 MW. In the first phase, 200 MW of solar photovoltaic cell production lines will be completed. The signing of the contract marks the first entry of CNEEC into the Indian market. It is also the first time for CNEEC to be engaged in photovoltaic equipment manufacturing. Sup-plementary to its traditional businesses of photovoltaic power plant design and equip-ment supply and power plant operation, the project marks the full value chain develop-ment of the photovoltaic industry.

The current project has entered the initial mobilization stage. Four preparatory em-ployees have accepted on-site safety training from the general contractor and the site is expected to satisfy conditions for civil engi-neering in March of this year.

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CHMC Signs EPC Contract with EDC for the 230 kV Transmission and Transformation Project (Part 2, Phase II)

On February 16, 2017, CHMC signed the EPC Contract with EDC, the Cambodian National Grid, for the Second Part of the 230 kV Transmission and Transformation Project (Phase II, the southwestern loop and the remaining part of the east-ern loop).The contract involves the construction of five sub-stations, the expansion of eight substations, the construction of 85 kilometers of 230 kV transmission lines from Tatay to

BotomSakor and 72 kilometers of 115 kV transmission lines from Ream to Chamkar Loung. Covering nine prov-inces and municipalities in Cambodia, the project will significantly improve the power supply network in the eastern and southwestern areas of Cambodia and enhance its power transmission capacity. More than 250,000 users without access to electricity will be allowed to connect to the power grid, thus changing the sit-uation of reliance on imported electricity in some regions, and furnishing guaran-tee for stable and cheap domestic power for local residents, mining areas, and industrial parks.

Projects Completed

CMEC Tenaga Wind Power Project Receives Acceptance CertificateOn December 27, 2016, the Tenaga 49.5 MW Wind Power Project team received the acceptance certificate signed by the propri-etor. Built by China Machinery Engineering Corporation (CMEC) within 12 months and inaugurated for commercial operation within 14 months of the project start date, the project marks a new record for wind power construction in Pakistan.The project was put into commercial operation on Oc-

tober 11, 2016. The acceptance certificate was awarded as a token of recognition by the proprietor and the investment bank (IFC and OPIC). During implementation of the project, the project team and all the partici-pating units braved strong wind, tides, and other unfavorable factors, working hard day and night and ultimately welcoming project acceptance and transfer at the end of 2016. During the warranty period, the project team

continued its work enthusiastically in an ear-nest and responsible manner and completed the supporting tasks, ensuring the smooth completion and final transfer of the project.

The Tenaga 49.5 MW Wind Power Project has created a number of firsts for wind power construction in Pakistan. Its success will play a crucial guiding and exemplary role for de-veloping the new energy market by CMEC.

Since 2009, CHMC has continuously strengthened cooperation with EDC, completing the Tatay Hydropower Station BOT Project, the Phnom Penh Loop Project, and the Rural Grid (Phase I and Phase II) Transmission and Transformation Project one after the other. Currently, China and Cam-bodia are blessed with important op-portunities for development. Based on the “Belt and Road” Initiative, China and Cambodia have strengthened co-operation in infrastructure and expand-ed mutually beneficial cooperation in economical and social development.

CMEC 220 kV Power Transmission and Transformation Project in Angola CompleteOn December 20, 2016, the main trans-former of the MorroBento Substation in Angola became operational, marking the completion of the MorroBento 220 kV Transmission and Transformation Project.

The project involves construction of one 220 kV substation and one same-tower double-circuit 220 kV line. After four years of perseverance, the project team met the proprietor’s requirements after constantly

modifying the construction plan. Finally, on Christmas Eve, it succeeded in power transformation, ensuring project comple-tion.

VOL.39 NO.1 Mar. 2017 21

PROJECT PROGRESS

CHMC Phnom Penh-Bavet 115 kV Transmission Line Charged Operation Successful

Kick-off Meeting Held for the Cambodian Rural Grid Extension Project (Phase V and VI)

At 10:00 am on February 2, 2017, the switch was successfully closed for the 115 kV Transmission Line between Phnom Penh and Bavet, with charged operation conducted for the entire line and the two new substations en route. By 10:00 am February 5, the Line had undergone 72 hours of default-free operation.

The project includes the construction of 160 kilometers of 115 kV transmission lines, the construction of Kampong Soeng Substation

and Chrak Mteer Substation, and the exten-sion of Phnom Penh South Substation. The transmission line started from Phnom Penh and passed through Kandal, Prey Veng, and Svay Rieng before reaching Bavet City near the border.

The accomplishment and inauguration of the transmission line greatly improved the power supply grid in southeastern Cambo-dia, enhancing power transmission capacity

On January 17, 2017, the Kick-off Meeting was held for the EPC Project of the Cam-bodian Rural Grid Extension (Phase V and VI), indicating the official launch of China National Heavy Machinery Corporation (CHMC)’s seventh EPC power project in the country.

At the meeting, CHMC Deputy General Manager first thanked Electricité Du Cam-bodge (EDC) and the Cambodian Ministry of Minerals and Energy for their long-term

trust and support. He stated that the Phase V and VI Project would be furnished with better equipment and services and that the project management staff would continue to work closely with the EDC. He also stated that the project team would strive to com-plete the project one year ahead of time with good quality. The Cambodian EDC Deputy General Manager said that cooperation with CHMC had gone smoothly and that the projects being implemented were very satisfactory, specifically praising CHMC for

completing Phase I and II of the rural grid project ahead of schedule. He also expressed the hope for CHMC to draw on its wealth of experience in project implementation to speed up construction and to complete Phase V and VI sooner, changing the situation of local power shortage and benefiting the peo-ple in related regions.

and guaranteeing a steady power supply for the millions of residents and the two ma-jor industrial parks in Prey Veng and Svay Rieng. The project has completely changed the situation of where Prey Veng and Svay Rieng were reliant on expensive electricity purchased from overseas. It will not only improve the lives of Cambodians near the Vietnamese border, but will also benefit in-dustrial development, commercial trade.

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The Ecuadorian President Attaches Great Importance to CAMCE Projects, Inspects Multiple Ones

On December 20, 2016, Ecuadorian President Correa attended the inau-guration ceremony for certain facilities of the Ecuadorian Park Project undertaken by China CAMC Engineering Co., Ltd. (CAMCE).

On January 17, 2017, Ecuadorian President Correa attended the opening ceremony of the Zofragua Hospital Project constructed by CAMCE.

On February 2, 2017, Ecuadorian President Correa inspected the site of the Ecuadorian Government Financial Platform Construction Project built by CAMCE.

On February 6, 2017, Ecuadorian President Correa inspected the Monte Sinai Hospital Project undertaken by CAMCE.

On February 14, 2017, Ecuadorian President Correa inspected the Multi-parks Project undertaken by CAMCE.

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VOL.39 NO.1 Mar. 2017 23

TRADE AND SERVICES

CAEC Successfully Acquires 100% Stake of Finoba

CHMC Signs MoU with EDC for Establishing CHMC Scholarship

On January 19, 2017, China Nation-al Heavy Machinery Corporation

(CHMC) signed amemorandum of under-standing on the establishment of the CHMC

On December 27, 2016, China Automo-tive Engineering Corporation (CAEC)

and the German company Finoba signed a memorandum of delivery in Frankfurt, Ger-many. The memorandum indicates that the first CAEC merger and acquisition project involving 100% equity of an overseas com-

Scholarship with Electricité Du Cambodge (EDC), marking a new stage in the coopera-tion between China and Cambodia.

pany was completed. It also marked a major step forward for CAEC in transforming its business from passively following up over-seas projects to actively making arrange-ments in the global market and allocating international resources.

The scholarship program was aimed at introducing China’s advanced power tech-nology while enhancing the training of more professional personnel for construction and operation of power facilities so as to more effectively accelerate Cambodia’s electricity industry.

Over the years, the Cambodian govern-ment has been committed to vigorously developing the economy and strengthening infrastructure construction and power con-struction in order to improve people’s lives. By signing this memorandum, CHMC will further enhance the training of professional personnel for construction and the operation of power facilities for Cambodia, accelerat-ing the stable development of its power in-dustry in order to help it realize the objective of “Lighting up Each Village and County in the Kingdom of Cambodia by 2030.”

Finoba is mainly engaged in the processing of aluminum-magnesium alloy light auto parts, with years of expertise serving BMW, Volkswagen, and other German car manu-facturers. As a quality supplier for high-end auto brands in Europe, it boasts broad mar-ket potentials under the current trend of new energies and lightweight in the automotive market. Relying on mergers and acquisi-tions, CAEC can master advanced European technology in parts manufacturing and draw on the favorable relationship between Fi-noba and Volkswagen and BMW to further its cooperation with well-known German brands. The merger offers boarder oppor-tunities for strengthening its cooperation with those brands in the Chinese market and for participating in their overseas projects; thus securing new breakthroughs and profit growth points in its future development.

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I never thought that one day I would set foot on African soil. In

my mind, I added “nothing is” to the word “impossible” which I

had repeated again and again on the yellow land scarred with

innumerable gullies, when I first set foot on Africa in 2012 as a

member of China CAMC Engineering Co., Ltd. (CAMCE).

by Liu Bei from CAMCE

VOL.39 NO.1 Mar. 2017 25

SINOMACH OVERSEAS

Fulfilling My Dreams at CAMCE and Paying Tribute to the Farming Team

I arrived at the Camacupa Farm in Angola at the beginning of the first rainy season

in October 2012. Back then, the CAMCE construction staff had entered the site shortly before and we had only about 10 hectares of land cleared by bulldozers. In a simple yard, there were two rows of temporary housing, which exuded a pungent stench of the swell-ing agent under the scorching sun. There was no well water and the nearest drinking water was 25 km away. We had no choice but to use rainwater for bathing.

However, for me the Farm was not just a project, but also an opportunity for self-af-firmation and self-achievement. The energy at the site touched me deeply, and before I knew it I became an active member of the team, meticulously handing my assignment and experiencing the fun of being an agricul-tural worker of CAMCE. As the reclaimed area steadily grew, large corn silos were erected one after another. The Farm was changing with each passing day, like the corn which grew so fast in the rainy season. We have produced 6,000 tons of corn, hundreds of tons of soybeans and nearly 10,000 tons of rice in aggregate. In the future, broilers and eggs will be added to our product port-folio. In our test field, there are nearly 100 varieties of corn and 30 varieties of soybean. After a series of tests, we have obtained

several varieties with good performance in resistance to pests and diseases, yield and re-gional adaptability. The test yield of several maize varieties has reached nearly 10 tons/ha. In addition, there are several outstanding rice and soybean varieties. Needless to say, those test data are quite valuable.

If Bié Province is to name an iconic project, it has to be Camacupa Farm, because it is the only one of its kind. Both the governor and the agriculture director of the province had told me that I might call them in case of any difficulty. The name of Camacupa Farm has become a household name in the province.

At each cultivation season and harvest

season, the Farm would be crowded with reporters from Angolan national mainstream media, television stations and news agencies asking for interviews. During an interview with the Angolan National Television Sta-tion, the reporter asked me, “Could you tell us about your farm?” I answered, “First of all, I want to make a correction: it is not our farm; it is your farm.” It is in such manner that we have conscientiously adhered to the principle of fully considering the inter-ests of local people and the proprietor and approached the project from their point of view. As a result, we have managed to win the support of the local government and res-idents and to ensure the smooth implementa-tion of the project.

If Bié Province is to name an iconic project, it has to be Camacupa Farm, because

it is the only one of its kind. Both the governor and the agriculture director of the

province had told me that I might call them in case of any difficulty. The name of

Camacupa Farm has become a household name in the province.

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The Farm is located in a large area with lush vegetation, tall trees, and scarce traces of human activities. The difficulty of land reclamation was much higher than that of any other project. As the reclaimed area increased, humus which had been deposited in the woods for millions of years began to emit poisonous miasma. To make matters worse, raging mosquito in the rainy season brought about rampant malaria. After being afflicted with malaria on multiple occasion in Africa, I became deeply aware that with-out artemisinin, the cost for implementing agricultural projects in malaria-affected ar-eas of Africa would have been unbelievably higher.

January 29, 2014, was the 29th day of the twelfth lunar month. On my way back to the project site with a pickup truck filled with purchase for the New Year, I had the feel-ing that I would be suffering from malaria. Sadly, I occurred to me that I had forgotten to bring any medicine with me this time. Promptly I contacted my colleagues at the project site and they immediately set off in my direction with the medicines. We met halfway. After all the travel on a bumpy road back to the Farm, I collapsed. I began to shake uncontrollably and because of sheer exhaustion I ran such a high fever that I could barely feel myself. With a fever of 42 degrees Celsius, I felt very cold. The fever brought about lung failure, and I became so hard of breath that I barely had the strength to knock on the wall. (We had agreed previ-ously that in case of serious affliction with malaria one should knock on the wall with anything at hand so that the colleagues next door might come to his rescue.)

By the following day, when He Fangqing the agricultural expert of the Farm came to visit me, he was startled by what he saw and promptly aroused the entire team. Some reproached me for failure to take antipyret-ics when the fever had brought about short breath. I also felt very sorry. That mistake could have been fatal, yet after so many oc-

casions of combating malaria, I should have known better. My colleagues rushed to my help. Some set about boiling some water for me to take the medicines. Others cleaned the room. Still others offered to cook some spe-cial dish and helped washing my clothes and cleaning myself... A sense of gratitude rose from the bottom of my heart.

VOL.39 NO.1 Mar. 2017 27

SINOMACH OVERSEAS

I have been asked by many why I hadn’t been to a hospital for intravenous injection when I

fell ill, why there were so many cases of malaria on the project site, and why I didn’t think of

shifting to another employer after all those sufferings of malaria.

First of all, our preventive measures were definitely the best of all projects, and we never took our health lightly. Every day, mosquito repellent was sprayed at the proj-ect site. And we were armed with mosquito net, incense and a host of repellents. How-ever, those preventive measures were insuf-ficient, because our project involved turning thousands of hectares of deserted forest into large tracts of corn field and the miasma resultant from falling thousands of hectares of forest could not be expected to scatter in one year or two. We were the pioneers, and the hardship had to be borne by someone. Second, the local medical conditions were too bad, and intravenous injection was avail-able only in the capital, which was about 800 km away. In other provinces and cities, malaria was mainly treated by taking medi-

cines. When I had malaria for the first time I took the anti-malarial drug used by the local people. Their effect was so strong that I spat blood.

Since it was so hard, why not change a proj-ect site? Yes, I have sometimes asked myself this question. When malaria affliction be-came worst on that New Year’s Eve, I could not eat anything, and as I lay in bed, I might have thought a lot or nothing at all. If I have to give a suitable reason, maybe it is because that I don’t want to give up. Never giving up is the spirit of the team, who has sworn to stick to the end of our cause. No matter how hard the conditions are, we will hold fast to our positions. In the event of illness and difficulties, we help each other out and take care of each other. No one has called it quits.

CAMCE dream is a dream of prosperous business and fulfilled aspirations. It is the steady 911 Emergency Center of Ecuador during the serious earthquake. It is the rice, corn and soybeans harvested from the land of Africa. It is the conglomerate of our dreams at CAMCE project sites in all corners of the world. It is the essence of a busi-ness and an inheritable culture. Dreams are not necessarily illusionary; instead, they can be composed of flesh and blood stories. What we bring to the world is not only agricultural technologies and Chinese products, but also aspirations of the CAMCE and the dream of strengthening our great motherland and helping it reach out to the world.

May this article be a tribute to my colleagues at the frontline!

What is the CAMCE dream?

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VOL.39NO.1 Mar. 2017

no.1 mar. 2017 · ic, legal and cultural risks. cultivation of a professional personnel ... highs...

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