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.
- Framework for final deal reached at Iran nuclear talks
- Death toll rises to 147 in Kenya university attack
- Obama says 'historic' Iran framework could make world safer
- Foreign troops arrive at Aden port in southern Yemen
- Dozens killed in Kenyan university attack
- Kenya launches manhunt for suspect behind university attack
- Bambi artist, 104, has show in NYC
- US returns ancient Royal Seal of King Deokjong to S. Korea
- Snowfall hits China's Urumqi
- 'Tomb-sweeping services'
- Top 5 features of China's property market
- Magnificent scene: buildings amid heavy fog in Shanghai
- 6 cultural differences between China and the US
- Mother illustrates her pregnancy
Most Viewed
Editor's Picks
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Patent applications lead the world |
BC lures Chinese tourists |
Today's Top News
Obama: Iran framework could make world safer
China to play bigger intl role: blue book
China remains No 1 for
US adoptions
Death toll rises to 147 in Kenya university attack
Dozens killed and injured in Kenyan university attack
China rips Japan's draft policy report
China can better protect nationals abroad
54 dead after Russian trawler sinks in ocean
US Weekly
Geared to go |
The place to be |