The Chinese Determination

Today,I am in shanghai. I am skipping the Nasscom Leadership Summit in India – as am in China to participate as an invited speaker to the Strategic Product Management & Product Innovation summit meet in Shanghai. I shall write about my speech in this blog a little later. I was speaking to so many here and in particular liked the affable Dr.Wen-Hann Wang’s explanation of the way Intel is growing in China.

The mood in china is one of bullishness – obviously most of them are proud of several things that have been just reported:

A. China is set to over take U.S. as the No.2 exporter worldwide this year and with an estimated $1.4 trillion dollars in exports in 2008, China will surpass Germany in 2008 to become the No.1 exporter in the world. China is already the largest exporter of electronic goods, with total exports of $300 billion, ahead of the US and South Korea.
B. A recent study finds that R&D investments in China shall be the second biggest in the world this year.
I did speak to a lot of chinese executives from the government, business and the academia. While most believe that these investments are made by MNC’s and generally are directed and controlled by them, the chinese are keen that their domestic companies pursue R&D more aggressively and become more innovative. They now want the shift from Made-In-China to Made-By-A-Chinese company tag faster.

What a change! Am able to access my blog from within china, unlike previous occasions.

Category :China, Emerging Trends