Archive for ‘Jiefang’

19/09/2019

Discover China: New leap forward of China’s oldest auto brand

CHANGCHUN, Sept. 18 (Xinhua) — High emissions, out-of-date passenger cabs, gas-guzzling — heavy-duty trucks often leave a clunky image in people’s minds.

Yet Jiefang, the first auto brand to come from Changchun-based FAW, the cradle of China’s automotive industry, has reversed the stereotype with its latest J7 trucks.

With a streamlined body and a full-vision cab equipped with a one-piece dashboard, the J7 truck provides enough space for both the driver and passengers to walk freely in the compartment.

Since its launch in late November last year, Jiefang J7 trucks have gained a reputation with its European-level performance and reliability and price advantage over imported trucks.

The Chinese truck maker has developed seven generations of truck products in six decades, with a combined production of over 7 million units.

The first home-grown Jiefang truck rolled off the assembly line three years after FAW broke ground on July 15, 1953, in Changchun, capital of northeast China’s Jilin Province. It was the first motor vehicle produced by China.

Jiefang CA10, the first-generation truck, soon became the main force in China’s road transportation and had various civilian variants such as ambulances, refueling trucks, water tankers, dump trucks and lift trucks.

In its 30 years of production until 1986, CA10 trucks set an output record of 1.28 million units, which was almost half of China’s total production during that period.

Industry insiders say Jiefang is like a totem to the Chinese automotive industry and has nurtured many management and engineering talent for the country.

Hu Hanjie, chairman of the FAW Jiefang Automotive Co., Ltd., said independent innovation never stops at Jiefang, which places a high priority on its technological strategy to ensure a market-leading position.

As some domestic truck manufacturers partner with established global brands to grab market share, Jiefang was all alone. However, it held its R&D forces, core technology and time-honored brand tightly in its hands, Hu added.

The company leads the industry in setting a world-class standard warranty of three years with no mileage limit and has amazed its industry peers with an extended oil drain interval as high as 100,000 km for engines, gearboxes and rear axles of its trucks.

Jiefang also developed many customized truck products to suit multiple road and weather conditions across the country and is exploring new frontiers like self-driving and smart logistics. It plans to put self-driving vehicles into commercial operation on expressway by 2023.

“Jiefang has witnessed and made contributions to China’s development and will have a brighter future as the country prospers,” Hu said.

Source: Xinhua

19/09/2019

Economic Watch: Chinese SOEs rise from scratch to spotlight

BEIJING, Sept. 18 (Xinhua) — China’s state-owned enterprises (SOEs) have navigated torrential waters over the past 70 years, from breaking the ground for the country’s industrial system to becoming the model of enterprises worldwide, and are now pledging more contributions to the world economy.

LAYING THE FOUNDATION

At a time when China’s manufacturing industry was still in its infancy, it was the SOEs that supplied the bedrock of the country’s industrial development.

The seamless steel pipe that debuted in China 66 years ago, the green-clad truck bearing the brand name “Jiefang” as well as the silver-white fighter jet that first rolled off production lines in 1956 attested to the SOEs’ early triumphs.

Seven decades have proved long enough for China’s SOEs to emulate their foreign counterparts and lead global innovation.

As a long-time pillar of the Chinese economy, the steel industry delivered a total output of 928 million tonnes in 2018, almost 5,900 times that of 1949, accounting for more than half of the world’s annual steel production.

Today, SOEs remain active in the advent and growth of China’s most acclaimed industrial fronts, including high-speed railway, supercomputers and navigation satellite systems, to name a few.

UNLEASHING VITALITY

Alongside their dazzling achievements, the SOEs’ quest to maintain vitality is equally memorable.

China’s SOEs have undergone a series of reforms in terms of shareholding, payroll and human resource management since 1978, in an effort to better fit into the big picture of China’s economy, which at the time was morphing into a socialist market economy marked by diverse corporate ownerships.

These reforms focused on granting the SOEs more leeway in making corporate decisions.

In 2003, the founding of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council further improved the management system for China’s SOEs and better prepared them for market competition.

Ongoing tasks of SOE reform include mixed-ownership reforms, employee shareholding and differentiated salary systems, with the underlying logic of delegating power unchanged.

GOING TOP-TIER

Years of continuous reforms have honed Chinese SOEs’ competitive edge, equipping them with the technologies and managerial skills needed to become global top-tier enterprises.

From 1978 to 2018, the business revenue and profit of China’s SOEs expanded at an annual rate of 11.9 percent and 10.3 percent, respectively.

The combined total assets of China’s SOEs in 2018 reached 247.1 times those in 1978, while shareholders’ equity amounted to 130 times.

The number of Chinese enterprises in the Fortune 500 list has risen for the 14th consecutive year, surpassing the U.S. in 2019 with 129 companies, among which 48 are centrally administered SOEs.

Seventy years on, the path of glory continues for China’s SOEs.

Source: Xinhua

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