Chen Jinya: China's aluminum output reached 19 million tons

The 2nd Global Think Tank Summit was held in Beijing on the 25th and 26th. The president of Alcoa Asia Pacific, Chen Jinya, said at the forum on the 26th that in this case, from the perspective of the aluminum industry, it will reach 19 million tons this year. When Chinalco went public in 2001, we discussed such a problem. After Chinalco's listing, it is possible to reach 1 million tons in 10 years, so the development of China's aluminum industry is simply incalculable.

The following is a record of Chen Jinya's speech:

Chen Jinya: Thank you, moderator. I want to talk about China's new opportunities in the global industry. China has achieved rapid development in the global industrial transfer. Everyone has seen China’s changes in the past 30 years. No one can deny China’s achievements in the past 30 years. China’s country, which was imported from a TV and refrigerator, has now become a TV, refrigerator, and car. The country with the largest production volume. While becoming a factory in the world, China has also caused some energy problems, resource problems, environmental problems, and many problems in China.

It is precisely at this time that the economic crisis has brought us many challenges and brought us many opportunities. Opportunities and challenges are how Chinese companies can seize this opportunity and go out from their homes and homes to lead the global cycle.

The global economy is in the process of reshuffling. In this process, Chinese companies can play some opportunities that they have not gotten in the past few decades. If these opportunities are used, we will discuss the issues that we are discussing. From 2003 to today, we can see that China's average growth is about twice that of the world. From our estimation, China will maintain a good growth level in the next 10 years and 8 years.

In this case, from the perspective of the aluminum industry, this year will reach 19 million tons. When Chinalco went public in 2001, we discussed such a problem. After Chinalco's listing, it is possible to reach 1 million tons in 10 years, so the development of China's aluminum industry is simply incalculable.

There have been many real problems here, and the cost of electrolytic aluminum in China is the highest. So at this time we saw a shift in the global manufacturing base, making China play the role of the world factory, but many of these growth methods are worth exploring.

Finally, I would like to talk about the development of China's aluminum industry. In many cases, it has a common path with China's economic development. If a company does not want to innovate, it will never be bigger and stronger. Second, China must pay attention to resource conservation. China is a country with a large population and resources. According to the comparison of population resources, China is not large, and things are not. How to go out with Chinese companies in limited resources, make rational use of global resources, turn China's world factory into a country with sufficient resources, enjoy a green energy, and share responsibility for growth globally. Rather than relying on global price controls and global economic growth to control.

Another problem is going out, this is the inevitable road. When I was out in Singapore, many people said why Singaporeans are making money in China. It is inevitable to lose money when they go abroad. Therefore, China must go out and it is the best time. Thank you.

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