Hu Zhenyi. [China.org.cn]

Hu Zhenyi

(Vice President, China Railway Construction Corporation Ltd.)

Author

Hu Zhenyi is Executive Director, Vice President and Chief Economist of the China Railway Construction Corporation Ltd (CRCC). He was born in 1954 and graduated from Shijiazhuang Tiedao University, in 1977 majoring in railway engineering. He then graduated with an MBA degree from Xiamen University in 2004. Mr. Hu is a professor-level senior engineer, member of the China Calligraphers Association, a recipient of a State Council special allowance and a nationally recognized expert on urban rail transportation. He also serves as Chairman of the Board in CRCC's American company, Chongqing Tiefa Suiyu Expressway Co. Ltd., and a Beijing-based highway company. He joined China's railway construction industry in 1972, and successively held the positions of the Deputy Director and Director of the Business Department of CRCC from December 1990 to May 1996. From May 1996 to December 1997, he was the Associate Chief Economist for CRCC. From December 1997 to April 2001, he acted as the Chief Economist of CRCC. From April 2001 to November 2007, he held the roles of the Deputy General Manager and Chief Economist of CRCC, and from November 2007 to May 2011, he acted as the Vice President and Chief Economist of CRCC. Mr. Hu has held his current position since May 2011. Mr. Hu is known for his rich experience in the Chinese architecture industry and is an expert consultant for China International Engineering Consulting Corporation and Beijing Urban Engineering Design & Research Institute Co. Ltd.

Abstract

China Railway Construction Corporation Limited (CRCC) is China's largest construction enterprise. Its business includes project contracting, survey and design, logistics trade, industrial manufacturing, real estate development, mineral resources, finance and insurance, franchise and so on. The company ranked 100th on the list of the Fortune 500 companies in 2013, and 11th on China's top 500 companies. It tops ENR's list of top 250 global contractors. As the world grows multi-polar and economic globalization deepens, the interaction and integration among countries and regions are irreversible and interconnected. The construction of the Silk Road Economic Belt will further enhance the connection among economic entities in the region, promote regional development, prosperity and stability, and also help ensure national political and economic security. The CRCC is dedicated to helping the rapid development of the Silk Road Economic Belt with its transportation construction. The company has organized several technical teams to conduct field study, and put forward a project plan for the core channel construction there, which is composed of seven core railway channels, five regional railway channels and ten regional ports. The company also actively participates in the infrastructure construction of countries along the belt and helps many of them finish their road network plan. The construction of core channels involves numerous countries and regions and entails large investment, extended routes and arduous construction and collaboration. Therefore, countries along the belt should enhance their coordination and utilize local resources to actively expand the financing channels; they should also co-build an efficient international operation and maintenance platform. As long as we enhance communication and make dedicated efforts, we will embrace prosperous, peaceful, and stable future.