On April 2, Sinosteel Corporation (Sinosteel), China Railway Engineering Corporation (CREC), China Harbour Engineering Company (Group) (CHEC), China Development Bank (CDB) and The Export-Import Bank of China (Exim Bank) signed long-term strategic cooperation agreement in China World Hotel. There are about 200 people attending the signing ceremony, including leaders from SASAC, NDRC, Ministry of Commerce and Ministry of Foreign Affairs, enterprise leaders from CCPIT, CCCMC, CISA, CAE and CSM and embassy officials from Australia, Brazil, D.P.R.K., Gabon, Ghana, India, Indonesia, Mexico, Peru, South Africa and Ukraine.
On the signing ceremony, Sinosteel president Mr. Tianwen Huang, CREC president Mr. Jiaming Qin, CHEC president Mr. Fengchao Meng, president of the Exim Bank Mr. Zilin Yang and chief economist of CDB Mr Laiyou Zhuang signed the agreement on behalf of every side.
Sinosteel, CREC and CHEC are all large central enterprises under the administration of SASAC. As the initiator of the 5-party strategic cooperation, Sinosteel is the raw materials supplier and sales-agent for major Chinese steel mills with global-running sales system. It is one of the state-owned enterprises that first “Go Overseas” launching successful mineral resources projects, so now it has built iron ore mine and chrome ore mine in Australia and South Africa. Sinosteel has gradually established a chain of inter-dependant core businesses and industry group that include resource, trade, technology and specialized service, which lays great influence and enjoys good reputation.
CREC carries out foreign economic & technical support and industrial development all over the world and has advantages in complete contracting of railway construction. It is our national pillar enterprise in the field of port, channel, bridge design & construction, machinery and f