The Chinese government will introduce new guidelines to strengthen its efforts in improving and regulating the performance of overseas project contractors, a move that will help companies establish their brands, said a vice-minister of commerce on Wednesday.
"Chinese overseas project contractors should strive to maintain a balance between quantity and quality in developing overseas contracted projects. So they can build their brand and forge their edges in the long term," said Chen Jian, vice-minister of commerce.
He also said the government will establish a long-term mechanism to provide information service for the companies to easily adapt to the local customs and avoid cultural conflicts.
"New rules will be implemented by the government to complement the current regulation system, so that all Chinese companies will abide by the rules and fulfill their share of social responsibilities," Chen said.
In addition, companies are urged by the vice-minister to optimize their development mode and move upward along the value chain.
"Chinese overseas project contractors should strive to maintain a balance between quantity and quality in developing overseas contracted projects. So they can build their brand and forge their edges in the long term," said Chen Jian, vice-minister of commerce.
He also said the government will establish a long-term mechanism to provide information service for the companies to easily adapt to the local customs and avoid cultural conflicts.
"New rules will be implemented by the government to complement the current regulation system, so that all Chinese companies will abide by the rules and fulfill their share of social responsibilities," Chen said.
In addition, companies are urged by the vice-minister to optimize their development mode and move upward along the value chain.
