China'S "Iron Lady" -- Xie Qihua, Chairman Of Baosteel Group

Xie Qihua is known for her "Iron Lady" in China. She is one of the few female business leaders in China. As Shanghai Baoshan The chairman of the iron and Steel Group, she has been pushing the biggest in China. Iron and steel enterprises Large scale capacity expansion is being made to meet the domestic steel, automotive and shipbuilding demand.

Xie Qihua was born in Shanghai in 1943 and graduated in September 1966. tsinghua Department of civil engineering and architecture in 1968 -1978, Shaanxi steel plant infrastructure engineer and engineer. After October 1978, he served as the group leader, deputy chief and deputy director of the capital construction Department of the Baosteel engineering headquarters. He was appointed director of the planning department of Baosteel engineering headquarters in January 1984 and assistant director of Baosteel engineering command in October. In July 1990, he served as deputy commander of Baosteel engineering command. In January 1993, he served as Minister of Planning Development Department of Baosteel Group. Since July 1994, he has been the vice chairman of Baosteel Group and general manager of Baoshan iron and steel (Group) company. He is currently the chairman and President of Baosteel Group Corporation in Shanghai. As chairman of the company, Xie Qihua spent most of her energy on Baosteel's international operation.

Xie Qihua is the alternate member of the CPC Central Committee and chairman and general manager of Shanghai Baoshan Iron and steel group. Under the leadership of the "Iron Lady", Baosteel finally passed the economic crisis of 2002. In July 2003, the international steel dynamics of the United States evaluated the global iron and steel enterprises' comprehensive capabilities. Baosteel ranks fourth, surpassing Japan's Nippon Steel, the US ussteel Steel Corp, and the world's oldest steel company, which is the largest steel producer in the world. This is the first time that Chinese steel enterprises have won this honor in the past 50 years. In 2003, Baosteel was awarded the title of "world-class quality organization" by international organizations. Xie Qihua shows that this is just the beginning. The Baosteel Group Corporation of Shanghai will become one of the top 500 in the world in 2005.

Xie, who is over 60 years old, obviously wants to see Baosteel become the world's best Steel Corp in his lifetime. Her timetable is that in 2005, Baosteel Group achieved sales revenue of 120 billion yuan and became the world's top 500 member. In 2010, the sales revenue reached 150 billion yuan, and the comprehensive competitiveness of the main industry of iron and steel entered the top three in the world.

In 2003, Xie Qihua played two sets of combined boxing. One is to sign a close strategic cooperation agreement with the three major domestic automobile groups, and to consolidate solid supply relations before rivals, especially foreign competitors. The other is to set up joint ventures in China with counterparts such as Nippon Steel and Luxemburg Arcelor Steel Corp to enhance their strength.

Xie Qihua's plan for rainy days is to go abroad to run mines and actively deploy international resources. In 2001, she co operated with CVRD of Brazil. In April second, Baohua Rui mineral company opened in Rio De Janeiro, Brazil. In the next 20 years, it will supply 6 million tons of iron ore to Baosteel every year. Baosteel has jointly invested with Australia's hammer, and continues to look for the source of long-term supply of iron ore abroad.

Xie Qihua showed greater ambition. In June 2003, Baosteel set up the Ministry of overseas development. In January this year, Baosteel joined Arcelor and Brazil CVRD to sign a preliminary cooperation framework agreement for the construction of BV steel plant in Brazil. The total amount is US $8 billion. In the first stage, three will spend more than US $2 billion 500 million to build 3 million 700 thousand tons of capacity factories, becoming China's largest overseas direct.

To build factories in Brazil, Baosteel not only reduces procurement costs, but also enjoys the national treatment of the Brazil government, which is conducive to expanding the local steel market. Brazil is one of the ten largest automobile producers in the world. More importantly, Baosteel can borrow Brazil to enter other markets in the Americas. Brazil is a free trade partner of the United States and is not subject to the provisions of the 201 clause.

A woman's intrepid behavior always attracts attention, but Xie Qihua deliberately keeps a low profile. Xie Qihua likes to emphasize the power of global vision. She said: "the connotation of deepening international cooperation is to focus on supplementing its own strategic gap, creating dynamic comparative advantages, thereby improving the competitive structure of enterprises."

The ambitious development plan of Baosteel needs huge support. By the end of 2000, Baosteel was listed on the domestic A-share market and publicly issued 1 billion 877 million shares, becoming the largest stock offering in China's stock market. Previously, it wanted to go overseas, but failed.

Now Baosteel Group has begun to carry out "integrated construction", trying to break the barrier between the subsidiary companies, and establish three production centers of common carbon steel, stainless steel and special steel, so as to form an integrated market competition body within the group. We will strive to achieve the overall listing of the group directly into the international capital market by 2010. "Baosteel will become a global, world-class multinational company." Xie Qihua said.