BUSINESS China Resources Group explores tie-ups with US companies despite trade tensions

BUSINESS

China Resources Group explores tie-ups with US companies despite trade tensions

CGTN

07:06, July 14, 2018

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Yang Yuning, chairman of China Resources Group.(Photo: VCG)

One of China's largest conglomerates, China Resources Group, is exploring investments and tie-ups with US companies, said Fu Yuning, chairman of China Resources Group, during an interview with CGTN at the APEC CEO China Forum in Beijing.

Trade frictions between China and the US are damaging both parties and the global trade, but not all interactions and collaborations between China and the US counterparts have been affected.

But not all sectors would be victims in the stormy trade relations. Synergistic areas such as healthcare will see collaborations continue, according to Fu.

“I think in the Medicare Deliver System, like Boston hospitals, Boston Harvard Medical School and medical institutions, [they] are very eager to develop a collaboration relationship in delivery services to Chinese,” Fu said.

As China deals with an aging society, added with the increase in people being conscious of their health, he is positive that healthcare would be a potential for Chinese and American businesses to explore together. Moreover, he believed healthcare is not only a business thing, but also a part of social responsibility.

Cooperation in the retail sector is another focus. The China Resources Group is in talks with American retailer Amazon to bring some of their advanced retail technologies to China.

“The initial meeting is very positive. We all realize that China Resources is a great player in China, [and Amazon is] a leader in technologies. We are exploring to see whether we can do something in China,” Fu said.


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