Huawei is one of only a few Chinese companies that has become trully global, deriving more revenue abroad than at home. But it will not be satisfied until every consumer knows its name, and the US market is cracked.
The presentation of the Government Work Report during the two sessions in Beijing last week is always reason for discussion and reflection. As an observer and researcher of Chinese innovation for over a decade, I pay particular attention to the support and regulation regarding innovation. In recent years innovation has been a key strategic direction for reform, increase of productivity and overall economic development.
The reality is that the world has always been more complex and interdependent than we would like to admit. The current negative trends and national emotions are probably a result of the disappointment of the large group of common middle class citizens in the lack of tangible positive rewards of a global economy. In my opinion, as a business school professor, the answer should probably be in an increasingly important role for entrepreneurs in shaping the future and making changes not only in the economy but also in the society. Entrepreneurs are the real change makers and social entrepreneurs may be able to mobilize key stakeholders, including governments and citizens, most effectively. China, as one of the largest stakeholders in the world economy and society, will inevitably play a large role in this process. And, China has proven in the past years to be a supporter of entrepreneurship and innovation; China’s economic power is mostly driven by entrepreneurs.
Read more (in Chinese): http://cn.chinadaily.com.cn/2017-01/18/content_27990697.htm
The official Davos website points out that Global events this year have reminded decision-makers that the more complex a system, the greater a community’s concern about its future. The weakening of multiple systems has eroded confidence at the national, regional and global levels. And, in the absence of innovative and credible steps towards their renewal, the likelihood increases of a downward spiral of the global economy fuelled by protectionism, populism and nativism. What’s your outlook for the world economy in 2017? How can we innovatively and solidly foster the renewal of the global system? What kind of responsibility do you expect China to take within that process?
As the One Belt One Road initiative rolls out, many Chinese corporations are stepping up to co-finance, invest or contract projects with local companies along the Silk Road, while investors tend to be more worried about localizing projects and financial risks. Could you give some suggestions to Chinese companies to deal with this?
What are the advantages and challenges faced by foreign companies exploring the Chinese market? I suggest foreign entrepreneurs need to better understand Chinese customers and strengthen connection with various stakeholders and local community.
October 2016, the Chinese Ministry of Commerce has issued a new regulation on foreign invested enterprises and their registation requirements. The reform has aimed to simplify the registration procedure for foreign invested enterprises.
Read more (in Chinese): ZheShang Magazine 浙商杂志
Entrepreneurs like Luo and He are “media guys, someone who really knows how to do internet marketing, how to create fans, how to convince people”, said Greeven, who’s also an associate professor of Zhejiang University. However, “they may not always understand their products well enough… they appear to have limited experience in how to manage the people and how to get the knowledge… but the product in the end is above anything,” he said.
Read more: South China Morning Post
The more the connections between our data, the more others know about us. How can we control these systems instead of censor our own behavior. A look inside the black-box.
Read more: Vrij Nederland