Innovation a competitive edge
Updated: 2015-04-03 07:44
(China Daily)
|
|||||||||||
Robin Li (L), Chairman and CEO of Baidu, chairs a breakfast meeting with the theme of "Dialogue: Technology & Innovation for a Sustainable Future" during the 2015 Boao Forum for Asia (BFA) in Boao, South China's Hainan province, March 29, 2015. Co-chair of the Bill & Melinda Gates Foundation Bill Gates (C) and CEO of Tesla Motors Elon Musk attended the meeting. [Photo/boaoforum.org] |
China's endless innovation upgrading, from Alibaba's "face-brushing" shopping model, to the "car networking" system of Datang Telecom and Haier's "air box" for wireless connections to home appliances, will inject an inexhaustible vitality into its economy.
These are only a snapshot of transition being made by China's traditional manufacturing. China's sophisticated technology, such as high-speed railways, nuclear power and aerospace, have also been at the center of the world stage in recent years. Some foreign experts are predicting that China is becoming a leading force in global technological innovation.
China's economy has once again exhibited a strong resilience and it continues to act as the driver for the world's economic growth. Just as some foreign economists point out, there is no need to worry about the disappearance of China's shoe and hat factories, because its enterprises at the high end of the industrial and value chain have now taken over the baton.
China's enormous domestic market and its established industrial chain, along with continuous policy support from the government and the strengthening of its self-innovation capability, will help lay a solid foundation for China's manufacturing sector in the future. A Wall Street Journal article has stated that Chinese companies have already become key players in telecommunications, mobile equipment and Internet services.
The strategy of becoming a manufacturing power by 2025 mapped out by China's top leaders for its manufacturing will help create a brighter future for domestic manufacturers in the new round of technological and industrial revolutions.
The above is an abridgement of a People's Daily article published on Thursday.
Related Stories
Innovation hub takes off 2015-03-31 10:18
Market to drive innovation 2015-03-30 07:45
Top talent key to innovation 2015-03-30 07:40
Tech tycoons' take on innovation in BFA 2015-03-29 20:40
Today's Top News
54 dead after Russian trawler sinks in ocean
Death toll rises to 147 in Kenya university attack
Dozens killed in Kenyan university attack
Video of final seconds aboard Germanwings plane discovered
British Prince Harry reports for duty in Australia next week
Chinese World War II veterans to receive medals from Russia
Lufthansa insurers set aside $300 mln over crash
Sarkozy makes political comeback
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Festival Special: Apps that make holiday shopping easier |
Listed firms caught in anti-corruption net |
Conca set to return to China |