Mark Benioff http://www.buffalosabresteamstore.com/adidas-alexander-nylander-jersey , Chairman and CEO of Salesforce: It's great to be here in the conference. Your speech yesterday was excellent and was very meaningful to me personally. As you know, there have been a lot of transitions and changes in the US since I was here last just a year ago. I was very interested in hearing your comments about these changes if possible. Now, the Chinese government has placed great importance, you spoke about it last year as well, on the development of new companies and entrepreneurs, and on mass innovation and entrepreneurship, which you also articulated many times. So what challenges do you see based on what is happening in the world today facing this effort? Tell me also how can we both from the US and also the international business community participate more meaningfully in your efforts, including your Belt and Road initiative.
Premier Li: China and the US are the world's largest developing country and largest developed country respectively. Steady growth of China-US relations and expansion of our economic and commercial relations will bring tremendous benefits to people of the two countries and also to world peace, development and cooperation. No matter how the situation in our respective countries may evolve, we are sure about one thing, that is, China-US relations have always kept moving ahead despite ups and downs in the past several decades. Our two-way trade has seen strong growth, in particular, from just about one billion US dollars before we established diplomatic ties to over 500 billion US dollars last year. It would be fair to say that China and the US now have forged a community of inseparable interests.
The Chinese government's initiative of mass entrepreneurship and innovation is first and foremost about employment. The government faces quite a big pressure in terms of employment, as we need to generate as many as 15 million new urban jobs each year to accommodate new entrants into the labor force. As big companies enhance efficiency and introduce more robots and manipulators, it is only natural that the total number of jobs they can offer has been somewhat declining. With government efforts to widen market access, as many as 15,000 small and micro businesses are getting registered on an average day in China, and they have been a large source of new jobs. Now in China, small and micro businesses provide 80% of all jobs. They are the backbone of inclusive growth.
Second, this initiative is intended to meet the needs for innovation. The new industrial revolution has brought about a major shift in the marketplace, which is the exponential growth in individualistic customer demands. Meeting these demands requires flexible business models and innovation in management and organizational structures. The SMEs have an edge in adaptability. As a Chinese idiom goes, it is easy for a small boat to shift direction.
Third, the initiative of mass entrepreneurship and innovation is a response to the trend of integrated development among large, medium and small companies. Not just small companies make innovations to accommodate special needs, many big companies have also been engaged in customized production, which requires adjustments in their organizational structures. I visited a local equipment manufacturer in Dalian, which has opened a lot of maker spaces on its production lines. The maker teams are able to remodel products according to customer needs. Although this company produces large equipment, 85% of its products are made to order. Not just this company, many large companies are doing the same.
Naturally, we also need to overcome some difficulties in the process of promoting mass entrepreneurship and innovation.
First, the government needs to shed its vested interests, lower the threshold for market access, and spend more energy on compliance oversight. The playing field ought to be level, and we can never allow sales of shoddy or counterfeited products, fraud and violations of intellectual property rights.
Second, the financial sector has come under strain. It may be a global challenge for SMEs to get loans as all banks seem to favor big companies. China is no exception. This is why we are encouraging financial inclusion in China by providing incentives to financial institutions to lend to SMEs.
Hundefreunde-Freiburg
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20.09.2018 11:42
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