On April 27th, 2014, Mr. Lin Yifu, who was the famous economist, the state department counselor, vice president of All-China Federation of Industry and Commerce, Honorary President of the national development research institute of Peking university, former World Bank chief economist and Senior Vice President, visited Xianglong Group, Mr. King and executive vice president Ms. Jin, CHO and CEO Mr. Geng and CEO director Mr. Han welcoming warmly and friendly chatting with him.
Mr. Lin’s main research topics were development economics, agricultural economics and institutional economics. Also, Mr. Lin was the first Chinese who got high position in the World Bank or IMF and was the last disciple of Professor Theodore W. Schultz who was winner of the 1979 Nobel Prize economics, and was the first Chinese economist who published papers in the most authoritative international economics journals of “The American Economic Review” and “Journal of Political Economy”, and was the person who had published the largest number of papers in foreign economics journals till now, in a word, he was not only one of Chinese economist who was outstanding in international economy field but also the first scholar on Chinese issues using the formal principles and methods of modern economics and was regarded as one of the authoritative scholars on Chinese issues by international economic circles.
Accompanied by Mr. King, Chairman Lin first visited Tenglong factory and asked detailed questions about the shoe-making, the research and development ability, the capacity and output, the merchants market state and the self-owned brand while visiting the factory, then, the process of shoe-making, production capacity, production quality, the technology research and development and the industry overview were introduced in detail by Mr. King, next, Chairman Lin affirmed the worksite management and the order of production and provided valuable opinions and suggestions for the production management and quality control.
After the visit, Chairman Lin had an informal discussion with Group senior leaders. On the symposia, the delegation first watched Group video and spoke highly of more than 20 years of entrepreneurial journey and affirmed the development history of Xianglong Group, next, he said that the entrepreneurship and development of Xianglong Group was a miniature of Chinese economy and now Group had a very solid industrial base after more than 20 years of development, in a word, Group would be a sizable shoe-making industry, a large business super and real estate industry of large-scale private enterprise group, continuously making great contributions to China’s economic development and resolving labor employment question and maintaining social stability. At the same time, Chairman Lin analyzed profoundly the shoe-making current situation from the perspective of the trend of global economic development and the global shoe industry development, showing Xianglong Group how to carry on the strategic shift. Then, Chairman Lin said that the development prospect of shoe-making enterprises was good and there was a huge demand for shoes at home and abroad market, but, as labor intensive enterprises, it was an inevitable issue for Xinglong Group to improve international competitive power under the circumstances of the rising labor cost at home. Also, he said that Africa was very competitive in labor-intensive manufactures and it was the last station of world factory, which was a good development opportunity for shoe-making industry, therefore, Africa would be released the great potential for growth. Finally, he said that Chinese enterprises went to Africa not only because Africa created opportunities for us but also because we could really establish common development of mankind.
Mr. King expressed his heart-felt thanks to Chairman Lin’s visit and said that Xianglong Group would meet the world trend, the national development plan, the development strategy and plan of enterprises, fully tapping into the potential, grasping each and every opportunity and achieving industry transformation and upgrade so as to better serve the community and contribute to the country.
