China is undergoing a transformative phase, leveraging innovation as a cornerstone for high-quality economic development. Over the past few years, the nation has made significant strides in emerging industries and technological advancements, signaling a robust commitment to fostering innovation.
This emphasis on innovation reflects China's broader reform path, aiming to shift from being a global manufacturing powerhouse to a leader in creating cutting-edge technologies. The transition from 'Made in China' to 'Created in China' symbolizes the country's ambition to enhance its productivity and economic resilience through technological prowess.
Experts believe that China's progress in developing new-quality productivity is a testament to its effective reform strategies. However, challenges remain as the nation navigates the complexities of sustaining innovation and addressing potential weaknesses in its technological ecosystem.
In a special edition of Dialogue, industry leaders and economists such as Michele Geraci, former Undersecretary of State of the Ministry of Economic Development of Italy; Dr. Edward Tse, founder & CEO of Gao Feng Advisory Company; Mehri Madarshahi, former UN senior economist and honorary professor at the South China University of Technology; and Dr. Marina Yue Zhang from the Australia-China Relations Institute of the University of Technology Sydney, delve into China's innovative drive. They discuss the implications of these reforms on global markets, the future of technology in China, and the nation's strengths and areas for improvement.
As China continues to invest in technology and innovation, the global community watches closely, recognizing the significant impact these developments have on international business, economic trends, and technological advancements.
Reference(s):
Deeper Reforms, Better Opportunities: Innovative drives China's growth
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