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PHBSers in China | Visiting Top Firms, Experiencing Rural life, and Exploring Chinese Culture

Time:2017-04-14 17:38:10  Hits:[]
According to a Chinese saying, “Only so much learning can be done in books, but the real education comes from actual experiences.”  As part of the China Studies course at Peking University HSBC Business School (PHBS), 23 international students visited Changsha, the capital of Hunan Province, and its surrounding rural areas to learn about local business, provide volunteer teaching and experience Chinese rural life. They visited Sichuan province last year, and explored Hunan province this year with great support from PHBS Dean Hai Wen.

The first stop on the trip was to Sany Heavy Industry Co., Ltd, a Chinese multinational heavy machinery manufacturing company headquartered in Changsha, Hunan Province. It is the sixth largest heavy equipment manufacturer in the world, and the first in its industry in China to enter the Financial Times Global 500, an annual snapshot of the world’s largest companies to show how corporate fortunes have changed in the past year, and to highlight relative performance of countries and sectors. 

PHBS delegation visits Sany production workshop
 
After touring Sany exhibition hall, the delegation of PHBS international students and faculty learned about the company’s history, international strategies, and accomplishments. For example, by acquiring Putzmeister, a Germany-based manufacturer of concrete pumps, Sany has expanded its product portfolios, and increased market coverage and competitiveness, making a strong presence in the global concrete machinery market. PHBS students also had a chance to visit the Sany 18 production workshop and see some of the trucks being assembled.

The tour was followed by a presentation and discussion, focusing on Sany’s entrepreneurship, future blueprint and international strategies. Zhou Wanchun, Sany vice-president and director of global business, said that Sany's global development is highly consistent with China’s "One Belt and One Road" initiative, with 70%-80% of its overseas sales made in the within the related countries and regions.  

SANY President Xiang Wenbo takes questions from international students

Then, Sany President Xiang Wenbo spoke about the company’s global acquisition, labor costs, intelligent manufacturing and future business blueprint.  He pointed out that localization of production and human capital is critical to Sany’s international development. “In addition to setting up production facilities in USA, Germany, India and Brazil to provide customized equipment to the local markets, Sany has also been recruiting local employees to play key roles, for instance, CEO, service engineers and salesperson.” 

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