Zhuge Wenjing, Executive Vice Chairman of GLP China: Continue to be optimistic about China's economic development prospects

【Multinational Enterprises in China】

Editor's note:

　　Walk into multinational companies in China, and listen to the CEOs of foreign companies talk about "Chinese-style modernization opportunities" and explain "the way of economic globalization".

　　Chinanews.com, November 21.

　　China-Singapore Finance and Economics reporter Li Jinlei

　　"As the Chinese economy further transforms to high-quality development, upgrades the green and low-carbon model, and continues to satisfy the people's yearning for a better life, GLP continues to be optimistic about the prospects for China's economic development." Zhuge Wenjing, executive vice chairman of GLP China, was accepting Said in an exclusive interview with New Finance and Economics.

　　Zhuge Wenjing said that China is one of the most important markets for GLP.

GLP is actively developing business in various markets in China together with customers, partners and investors. At the same time, it also feels the continuous improvement of the business environment, especially the continuous improvement of internationalization and opening up.

The report of the 20th National Congress of the Communist Party of China has made us more confident in the Chinese market.

A summary of the interview is as follows:

Chinanews Finance and Economics: As a multinational company, ProLogis has an asset management scale of US$72 billion in China. What does the Chinese market mean to ProLogis?

What achievements have you made in deepening the Chinese market?

Zhuge Wenjing:

GLP focuses on industrial services and investment management of new infrastructure in the supply chain, big data and new energy fields, with a global asset management scale of more than 120 billion US dollars.

China is one of the most important markets for GLP.

For a long time, GLP has invested in China with global resources and spared no effort to support China's economic and industrial development.

　　China has continuously deepened reform and opening up, and the Chinese economy has continued to achieve rapid development, and has improved quality and efficiency, which has released huge power and potential.

As a result, we have also achieved positive development and achieved industry-recognized leading positions in the three major business areas we focus on.

　　GLP raises and operates a number of private equity funds dedicated to investing in China both inside and outside China.

In addition, GLP REIT is one of the first batch of infrastructure public offering REITs in China, and we are very honored to participate in this major infrastructure investment and financing mechanism innovation.

　　GLP also continuously upgrades technology and service capabilities, creates a high-quality industrial service ecosystem, leads the frontier of intelligence, continuously improves asset operation efficiency, enhances asset value, and creates "a more efficient society, better life".

Sinonews Finance and Economics: The report of the 20th National Congress of the Communist Party of China proposes to protect the rights and interests of foreign investment in accordance with the law and create a first-class business environment that is market-oriented, ruled by law, and internationalized.

How do you feel about the changes in China's business environment?

Will it continue to maintain efficient and high-speed investment in the Chinese market?

Zhuge Wenjing:

GLP has joined hands with customers, partners and investors to actively develop business in various markets in China. At the same time, it also feels the continuous improvement of the business environment, especially the continuous improvement of the level of internationalization and opening up.

The report of the 20th Congress made us more confident in the Chinese market, and also pointed out the direction for GLP to continue to support and participate in China's economic development through investment management and industrial services.

　　The report emphasizes "continuously realizing the people's yearning for a better life", "giving full play to the decisive role of the market in resource allocation", "insisting on focusing on the real economy for economic development", "adhering to high-level opening up", " Based on principles and commitments such as "green and low-carbon development", the report draws a blueprint for the new development of China's economy, which inspires us deeply.

　　GLP looks forward to creating greater value for customers, partners and investors with its global investment and development capabilities and industrial service expertise, and to jointly make greater contributions to the high-quality development of China's economy in the next stage.

Zhongxin Finance: The report of the 20th National Congress of the Communist Party of China proposes to build an efficient and smooth circulation system and reduce logistics costs.

ProLogis has been focusing on and being good at the field of logistics and supply chain for many years, how will it make further efforts in this field?

Zhuge Wenjing:

With the development and popularization of technologies such as the Internet of Things, big data, and artificial intelligence, intelligence, greenness, and efficiency have become new standards for modern supply chains and their industrial services.

GLP is not limited to infrastructure, but uses the global infrastructure network as a carrier to provide a supply chain industry service system covering supply chain, industrial finance, and technology services, making the supply chain more stable and the industry improving quality and efficiency.

　　In this field, ProLogis's continuous efforts and improvement direction can be exemplified as follows:

　　Smart zero-carbon asset management and operation to promote the green process of the industrial chain: GLP provides asset management and operation services including smart parks, smart warehousing, and carbon emission management. Not only the parks we manage have obtained LEED platinum-level green operation certification , We also export to other owners, and jointly promote intelligence and zero carbonization to the upstream and downstream of the industrial chain.

　　The "assets as a service" innovation model promotes the automation and new energy of the industrial chain: through the "warehousing + RaaS" integrated solution, it helps enterprises deploy flexible automated warehousing operations in a one-stop manner to reduce costs and increase efficiency; through green energy asset services to help logistics, transportation and other industries apply new energy on a large scale.

　　Industry-finance technology links the industry and financial institutions, inclusive of small and medium-sized enterprises: With digital supply chain financial technology solutions, small and medium-sized enterprises in the logistics and supply chain fields can also obtain operating capital financing at a relatively low cost, helping to stabilize and strengthen the chain.

Sinonews Finance and Economics: Under the new development pattern, China's comparative advantages are ushering in changes. How do you view the prospects of China's economic development?

What is the future development plan of GLP in China?

What are the investment priorities?

Zhuge Wenjing:

As China's economy further transforms to high-quality development, upgrades the green and low-carbon model, and continues to meet people's yearning for a better life, GLP continues to be optimistic about the prospects for China's economic development, and will continue to focus on the three major business areas we focus on in the future. Advance business.

　　First of all, the efficient investment and development of supply chain infrastructure such as logistics and industrial parks and intelligent zero-carbon operation management are the basis for upgrading the modern circulation system and the chassis for realizing the high-quality development of the real economy.

At the same time, in order to achieve the goal of "double carbon", GLP will not only achieve zero-carbonization of its own operations, but will also continue to export technology operations, smart zero-carbon management and operation service systems and capabilities to the industry, and promote high-quality and sustainable development of the entire industry .

　　Similarly, the 20th National Congress of the Communist Party of China proposed to build a digital China and accelerate the development of the digital economy.

Big data infrastructure is the foundation to support the development of the digital economy, and building low-carbon green, high-quality computing infrastructure is the future development direction.

GLP will continue to deepen the new infrastructure of big data, focus on innovative technologies for low-carbon and energy-saving data centers, and help the further integration of the digital economy and the real economy.

　　Finally, and more importantly, in the field of new energy, ProLogis will continue to develop new energy infrastructure, and at the same time open up supply chain and big data infrastructure application scenarios, so that new energy and technology can be closely integrated and more widely used.

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