HINA’S GROWING GLOBAL ROLE
Has canvassed the views of business leaders omic outlook and the country’s future as an increasing ve to drive world growth. Their answers are given below.
Anne Marion-Bouchacourt,
China plays a strong role in our global business strategy. Last year, we delivered 65,246 units and China once again became our single-biggest market. There is still potential for us to grow here. We want to develop new and existing business models — such as financial services, the used car business, our parts business and after-sales formats. We have 96 Porsche Centers here, and an estimated 12 new centers will be opened next year, most of them in third- or fourth-tier cities. We will continue our investment in this strategic market by bringing new and innovative retail formats and customer-experience centers, and by further professionalizing our network.
China’s Belt and Road Initiative will significantly impact global economic development. This will offer a lot of opportunities, hopefully, a reduction in transportation costs. China can expect much more business. With increased economic growth and consumers with more purchasing power, we believe we will have more customers. We will benefit from the infrastructure — it is important to ensure easy connectivity and promote global growth.
China’s supply-side reform aims to balance supply and demand by encouraging innovation and new technology, and by improving quality and cost efficiency.
We constantly strive to improve our products to keep up with our customers’ evolving tastes. We embrace sustainability and innovation with new technologies. Our business strategy thrives on new technology and innovation. We will continue to focus on that.
China has emerged as a manufacturing powerhouse. It has seen tremendous growth, and along with that growth there is rising consumer sophistication. Having discerning and refined tastes, consumers’ preferences are shifting to the new, the innovative. China is heading in the right direction by aiming for manufacturing excellence, which comes with innovation and new technologies. I believe efforts to upgrade manufacturing capabilities and the innovation-driven campaign will provide the necessary stimulus for economic growth and promote healthy competition.
We are committed to helping Chinese manufacturers improve productivity and global sustainability. As the world’s largest manufacturer, China is a strategically important market for Rockwell Automation.
We feel bullish about the development prospects of the China market. Driven by the Made in China 2025 program and supported by the Chinese government, Chinese manufacturers are committed to implementing intelligent manufacturing, which will provide us with a great opportunity for cooperation.
The Belt and Road Initiative has brought great opportunities for business development to China and related countries.
We are participating in this initiative through our cooperation with numerous companies.
Leveraging our global technological strengths and service capability, Rockwell Automation is able to help companies shorten the time of overseas construction and act in accordance with local policies and regulations, which will help to promote Belt and Road Initiative projects.
The supply-side reform requires enterprises to boost their ability to innovate.
While this will serve to stimulate demand, it will also require companies to respond better to market demand for production.
Rockwell Connected Enterprise solutions can help manufacturers achieve better innovation through informatization and intelligent technology, and connect with the supply and demand chains to respond more quickly to market changes.
China has reached a turning point because the advantages offered by a low-cost labor force have gradually diminished.
Maintaining the competitiveness of China’s manufacturing industry will require a new focus on innovation and intelligent manufacturing transformation. This is also the main reason why China proposed the Made in China 2025 initiative two years ago.
China will always be the centerpiece of Nielsen’s global growth strategy. In the first two decades of Nielsen’s presence here, we enabled investments by multinational companies in the retail and consumption sector. Twenty years later, more Chinese companies are relying on Nielsen’s insights and information for their growth and expansion.
The Belt and Road Initiative will accelerate the global expansion of Chinese companies, providing a wider footprint and bigger success. It won’t just be an abundance of consumer goods manufactured in China that will flow more easily to other markets and benefit more global consumers, the infrastructure required to transport these goods will be funded and built, creating a new growth engine for the world.
The supply-side structural reform is hugely meaningful to the Chinese consumer goods industry and consumers. Suppliers need to shift their focus from quantity to quality, and from meeting basic consumer needs to satisfying the desire and demand for the better things in life. The Made in China strategy has served the country’s initial growth and development well. The Innovated and Made in China programs will ensure the country will continue to leapfrog the rest of the world.
Industrial Manufacturing 4.0 is the natural next phase of China’s manufacturing economy, because the country has successfully built many basic capabilities. China’s auto industry, the world’s biggest, stands ready to meet the needs of billions of people domestically and overseas. Chinese automakers are making enormous strides in electric vehicles, hybrids and connected mobility, leveraging global and Chinese innovations. Huawei and OPPO phones are winning consumer’s hearts not just because of their slick designs and precision craftsmanship, but also owing to their innovation and their own intellectual property rights. In the Government Work Report, the growth target was softened to “about 6.5” percent for this year, from 6.5 to 7 percent for last year. This is in line with our estimate for this year because it will allow the government to “achieve improvement while maintaining stability”. This is ambitious because there is a need to restructure sectors with overcapacity, such as steel, coal and cement, which will cut jobs. This needs to be balanced by job creation in the manufacturing and the service sectors, and it puts pressure to deliver on plans such as Made in China 2025, where the country wants raise up the value chain.
Sara Dai,
We are positioned as a bridge for Chinese corporates and financial institutions to venture abroad and for multinational companies to invest in China. With our strong credentials in the debt capital markets, mergers and acquisitions, project finance in energy and the natural resources sectors, risk management for commodities, interest rates and foreign exchange, trade finance, investment solutions, and our presence in Africa, Russia and Eastern and Western Europe, we are playing a key role in supporting Chinese corporates and financial institutions in their overseas ventures.
In the short term, the Belt and Road Initiative will bring a lot of opportunities around infrastructure — railways, highways, pipeline, projects for energy and natural resources, and the construction of industrial zones. Societe Generale, with its presence in 65 economies, of which 32 are on the routes of the Belt and Road Initiative as a unique advantage, can serve Chinese corporates when they want to set an operation, finance an infrastructure project or hedge risks.
The supply-side reform means the government is determined to upgrade its industries so more of them make profits. We expect it to create international champions, which will look for international expansion via M&A, spin-offs and reverse acquisitions, especially in areas such as construction engineering, telecommunications and nuclear and renewable power. For us, it will mean continuous opportunities to support them in overseas ventures, using our understanding of different geographies, and bringing the best financing and hedging solutions to make their projects successful.
China’s efforts to upgrade its manufacturing capacities and boost innovation is clearly outlined in its ambitious Made in China 2025 program.
We expect key players to climb up the value chain, but also further push the limits, thanks to their research and development investment.
We expect a lot of innovation from China in areas such as the internet of things, artificial intelligence and smart manufacturing. We think China’s size and its ability to test new concepts will allow it to produce devices quickly and at reasonable prices that contain all the new technologies that can be used in many fields, such as medical, manufacturing with smart robots and autonomous vehicles. China’s economic growth, though coming at a slower rate, is still one of the fastest in the world, and given the size of China’s economy, growth remains impressive. What’s more important, behind the growth is a focus on quality, sustainability and innovation, where biosolutions can play an important role. As the world’s largest provider of enzyme and microbial technologies, we are pleased to see biotechnology innovation being encouraged by the Chinese government in the 13th Five-Year Plan (2016-20) for use in a wide range of industries.
China is a critically important emerging market for Novozymes. The company has been operating in the country for more than 20 years and China has become an important growth engine for Novozymes globally. Our research and development center, established in Beijing in the 1990s, has grown to be an integral part of our global R&D network.
We are happy to see the government’s efforts to attract foreign investment, especially the recently published Guidelines on Further Opening-Up and Attracting Foreign Investment. We hope to see further enforcement of those policies. At Novozymes, we’ll be more focused on developing regional innovations with our leading biotechnology to meet the needs of local customers.
Novozymes supports openness, inclusiveness and collaboration as part of the basic essence highlighted by the Belt and Road Initiative. At Novozymes, we take “Partnering for Impact” as our corporate strategy. As a member of the B20 Infrastructure Group, Novozymes is pleased to see many governments and enterprises reaffirming their commitments to implementing the (UN) Sustainable Development Goals, which offer a range of opportunities for our business to grow and develop, especially where there is a focus on the use of natural resources and efficiency and a drive for more environmentally friendly solutions.
We see more business opportunities as China drives supply-side reform and places more emphasis on sustainable growth, as our bioinnovation solutions enable higher agricultural yields, lowtemperature washing, energyefficient production and renewable fuel. We are committed to working closely with local companies and universities to develop technologies that reduce CO2 emissions and the use of harsh chemicals, and improve industrial efficiency.
We commend the Chinese government’s efforts to spur and protect innovation. For industry leaders such as us, innovation is at the core of our product strategy that can unlock the market potential with added value to our customers, and that will ultimately serve the best interests of the consumers and the community at large. To spur the vitality and competitiveness of the economy, the innovation-driven campaign is expected to be inclusive and provide a level playing field for both foreign and Chinese companies operating in the country.