日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

US, Chinese business leaders say Chinese market enjoys abundant opportunities

Xinhua | Updated: 2019-04-15 17:24
Share
Share - WeChat
A panoramic view of the Bund along the Huangpu River in Puxi and the Lujiazui Financial District in Shanghai's Pudong New Area on Aug 20, 2018. [Photo/IC]

BOSTON, the United States - At a forum concluded here Sunday, multiple US and Chinese business leaders expressed optimism about the Chinese economy and said opportunities are abundant in the Chinese market.

"I think the opportunities in China are going to continue to be outstanding," Pete Walker, former senior partner with consulting firm McKinsey & Company, told a panel at the Harvard China Forum (HCF).

The sentiment was shared by Larry Culp, chief executive of General Electrics, who said of international companies at the forum's closing ceremony that "you know if you are active globally, you need to be in China."

Urbanization, innovation and the unique features of the Chinese economy all feed into the potential for future growth, according to the speakers.

"Urbanization has been an enormous lift to the economy in China," Walker said, citing statistics indicating that a person's productivity increases five or six times when the person moves from rural areas to urban ones.

"There's still a lot of lift to be had from urbanization," Walker said as he pointed to the gap between the urbanization rate of China and mature economies such as Japan and Germany.

The emphasis on innovation in China was also noted by the speakers. Andrew Yan, a veteran venture investor, pointed out that in the past five years, China churned out unicorn companies faster than any other country in the world, in part thanks to China's innovative tech industry.

"Even though the West likes to think China is not innovative, they are innovative in a different way, much more market-driven, more application-driven," Walker said.

The United States has a historical advantage in making "game-changing" innovations, while China has developed more adaptive technologies, creating whole businesses by catering to different consumer segments, said Walker.

"I think the scale of that innovation is even bigger than the monolithic breakthroughs," he said.

Han Weiwen, managing partner of consulting firm Bain & Company's Greater China offices, told Xinhua on the sidelines of the forum that innovation has pushed China's retail industry to be world-leading.

"In terms of its ecosystem, technology and business model, China's retail industry is absolutely in the forefront among other countries," he said.

Han said the Chinese economy enjoys a unique set of features that paved the foundation for a thriving retail industry in the internet age, including a relatively young demographic that is eager to embrace a new lifestyle, high smartphone penetration that makes e-commerce more accessible, high population density and low logistics costs that enable affordable shipping costs for online purchases.

Yan, the investor, said that in the age of mobile internet, countries with a larger population will have an advantage over countries with smaller populations. Young Chinese companies such as the e-commerce platform Pinduoduo and the car-hailing company Didi are all beneficiaries, he said.

Han cautioned that not all factors play into retailers' favor, some also pose challenges.

The yearly large-scale migration of migrant workers from urban centers to rural regions to celebrate the Chinese New Year is one such challenge, Han said.

"This phenomenon greatly impacts the retail industry, as it poses a two-fold challenge, how can retailers provide good service to the customers in urban centers during normal times, and whether the retailers have the necessary network to extend its services to rural areas when the migrant workers return home for the spring festival," Han said.

The HCF, which kicked off Friday, featured panels covering a wide range of topics including finance, technology, entrepreneurship, arts, culture, entertainment, international relations and development, philanthropy, consumers and retail, music and pharmaceuticals.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美福利视频一区二区三区 | 啊哈不要啊 | 亚洲一区二区三区在线影院 | 欧美激情一区二区三级高清视频 | 这里只有精品在线视频观看 | 亚洲精品久久久久久一区二区 | 久久中文字幕网站篠田优 | 日韩欧美视频一区二区三区 | 啪啪小视频网站 | 久久国产福利 | 成人高清视频免费观看 | 国产一级淫| 欧美a在线观看 | 毛片成人永久免费视频 | 国产一区二区久久久 | 五月婷在线 | 久草在线精品ac | 91香焦视频 | 欧美爽爽爽爽爽爽视频 | 欧美视频在线播放 | ccyy草草影院 | 舒淇三级浴室洗澡在线观看 | 亚洲成年人免费网站 | 国产乱码精品一区二区三区中文 | 午夜视频在线观看一区 | 欧美日韩视频 | 欧美毛片网 | 看黄网站在线看 | 丝袜 亚洲 另类 欧美 变态 | 日韩a在线看免费观看视频 五月天激情视频在线观看 成人97在线观看免费高清 | 日韩欧美一区二区三区视频 | 精品国产第一国产综合精品gif | 国产成人免费视频网站视频社区 | 日韩性freexxxx在线观看 | 久久99热成人精品国产 | 女人a级毛片19毛水真多 | 韩国资源视频一区二区三区 | 日韩欧美大片在线观看 | 国产福利区一区二在线观看 | 色噜噜噜噜噜在线观看网站 | 亚洲精品国产第一区二区多人 |