CHENGDU, Dec. 22 (NBD) -- Cao Dewang, the Chairman of Fuyao Glass and one of the representative private entrepreneurs in china, continues to make the headlines.
This October, the automobile glass plant invested by Fuyao Glass was completed and put into operation in Ohio, the United States. The total investment amounted to 600 million US dollars.
Cao expressed his opinions towards China's economy in an interview with the media, which drew broad attentions and aroused heated debates.
Opinions vary about Cao's investment in the United States and how to perceive the challenges facing China's economy.
Reports by some media regard Cao's overseas investment as "running away". But People's Daily argued that the regular overseas investment of Chinese enterprises should be differentiated from the phenomenon of capital flight. The normal investment abroad made by Chinese enterprises shouldn't be labeled as "running away" and shouldn't be used to make a fuss.
According to People's Daily, Chinese government recognizes the issue concerning cost reduction for enterprises and takes a pragmatic attitude. More time window rather than empty complaints should be given to reform.
The national daily stressed that Entrepreneurs like Cao expressed their concerns, which exactly shows their faith in China's economy.