国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Opinion / Op-Ed Contributors

Setting some records straight

By Shujie Yao (China Daily) Updated: 2011-06-18 07:34

The takeover of Volvo by Chinese carmaker Geely is a case in point. It has given China little access to technology, because all the innovation engineers in the company are non-Chinese. Furthermore, the M&A strategy deflects attention from the need to develop strong Chinese brands, which would command respect abroad and restore the credibility of the made-in-China label, to which safety scandals have dealt frequent blows.

Lenovo, the fourth largest computer-maker in the world, is perhaps the only Chinese company that comes closest to a truly global brand. Yet the headline of a recent profile of Milko van Duijl, Lenovo's senior vice-president, in the UK-based Daily Telegraph read: "Lenovo: the biggest computer-maker most people have never heard of".

It is the responsibility of Chinese officials to translate the ambitious promises set out in the 12th Five-Year Plan (2011-2015) into action. China's rapid economic development has been largely based on exports and low-level manufacturing of consumer goods, thanks to cheap labor and technologies imitated or imported from the developed world.

The officials should start implementing the promises by establishing an incentive mechanism to encourage greater domestic competition and allowing private enterprises to compete fairly with SOEs. The government should take measures to make it easier for private companies to get bank loans, and set up a tough regulatory regime to ensure SOEs do not enjoy unfair monopoly.

Can China succeed in hauling itself up the technological ladder? It can, but the process will be painful and lengthy. The country still has a large reserve of cheap labor in rural areas, which means the pressure for innovation and technology upgrade has not reached its peak.

China's total GDP may well surpass that of the United States by 2020, but its per capita GDP will still be less than one-fourth of the US. In other words, even when China becomes the largest economy in the world it will remain a developing country.

For China to become a rich and truly powerful nation, Chinese multinationals have to flourish overseas. Without respected brands of its own, China will always languish at the lower end of the value chain. And its future will ultimately depend on its ability to create, not replicate.

The author is a professor of economics at the University of Nottingham.

(China Daily 06/18/2011 page5)

Previous Page 1 2 Next Page

New type of urbanization is in the details
...
察雅县| 永吉县| 云梦县| 稻城县| 遵义县| 巩义市| 通河县| 乌什县| 万源市| 随州市| 无锡市| 互助| 施秉县| 昌乐县| 循化| 巫山县| 和龙市| 沙田区| 平潭县| 天峻县| 太和县| 莎车县| 巩义市| 宁武县| 公安县| 阿合奇县| 梧州市| 博野县| 蒙阴县| 嘉黎县| 辽源市| 咸宁市| 环江| 逊克县| 武城县| 江达县| 赤城县| 洪泽县| 麻城市| 兴仁县| 三江|