“2019 will be year one for Kaiyun as we take on overseas markets, including the US,” Wang said. As part of its expansion plans, the company is selecting a site for a South American factory, he added.
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Zhou said an industry boom helps attract downstream industries and thus forms a relatively complete industry cluster, which is important in boosting the local economy. But companies still need to build brands and develop value-added services to move up the global value chain.
Zhou, born in 1956, started working as deputy dean of the university’s geography department in 1985. He served as principal in 2003 and was named Party chief of the university from 2014 until the end of 2016.
Zhu Feng, dean of the Institute of International Relations of Nanjing University, said that for Spanish companies, the initiative offers a lucrative economic opportunity. Spain has been a supporter of the initiative since its initial participation. The country aims to act as one of the regional trading hubs between partner countries and regions committed to the initiative.
Zhu Lei, co-founder of Mushroom, speaks at the firm's news conference held in Beijing, on May 21, 2019. [Photo provided to chinadaily.com.cn]