BEIJING, May 7 (Xinhua) — Chen Zhiqiang is proud of his pivotal decision to establish a large-scale factory in northern Beijing 18 years ago.
His company, Nuctech, stands as a premier producer of security inspection equipment within China. “When construction kicked off for our factory in Miyun District back in 1999, many believed it was excessive, a folly. Now, however, my decision is validated by our substantial growth,” Chen reflected.
Since its inception in 1997, Nuctech has seen multiple expansions. The Miyun facility, now 100,000 square meters, serves as a key production hub for exports and includes factories in Poland and Brazil.
Currently, workers are testing car scanners destined for Mexico, with plans to export around 20,000 pieces of equipment in the coming months. “Nuctech’s products are widely utilized at foreign ports and customs gates,” Chen noted, adding that by 2016, exports constituted 60 percent of total sales.
Nuctech’s rapid growth correlates with the Belt and Road Initiative introduced in 2013. Chen acknowledged that, while they would seek opportunities without it, the Initiative has made international business significantly more accessible.
OriginWater, another Beijing firm founded in 2001, similarly embraces growth driven by this Initiative. Specializing in safe water solutions, its products are used in nations such as Pakistan and Sri Lanka. Vice manager He Yuanping underscored the importance of local market understanding in international ventures, highlighting ongoing negotiations in Oman.
Experts affirm that Chinese high-tech firms are prepared to leverage the opportunities posed by the Belt and Road Initiative, ultimately benefiting all involved in the global economic landscape.
Source: www.xinhuanet.com
