Chinese businesses see technology investment as the way to hedge against risks
2024-08-27
Chinese businesses see technology investment as the way to hedge against current trade and policy risks – that was the consensus from CEOs attending the recent annual China Enterprises Summit in Jiangyin City, east China's Jiangsu Province.
The pulse of the real economy is humming. Profits are picking up pace thanks to faster production and supply side reforms, but the corporate sector is not being complacent.
Huaxi Village, known as China's No.1 village, which used to be heavily steel-dependent, has shut down nine plants in the past few years and is investing in display technology, financial services. Wu Xie’en, the Party chief of Huaxi, said that they “started reforms on HR (and) organization structure to revitalize the company.”
Chinese retail giant Gome is also trying to make improvements. Its board member Huang Xiuhong, who is also the chairwoman of Eagle Holdings, said that they want Gome to go beyond appliance retail to build a smart homes eco-system. She continued that sales are expected to grow 50-70 percent this year, since “our mobile platforms are going to get smarter and offer fuller services.”
Far East Holdings Group is an example, as well. The company last year invested in a 1.8 billion US dollar joint venture with Detroit Electric to produce electric cars. The company will be rolling out more models internationally, according to its Chairman Jiang Xipei.
On the hot button China-US trade issue, CEOs were in wait-and-see mode. “We'd be more cautious about overseas expansion. There are many policy developments we don't understand. I think the Chinese market is big enough,” Huang noted. Jiang hold the similar opinion and said, “We'd be more cautious about US investments in the future, because we want to make sure the macro environment is positive for our business.”
The CEOs not only discussed the challenges, tighter financing conditions, stricter environment rules and trade uncertainties, but they are also finding the opportunities from new energy, seeking new partners, freer trade.
The one thing they all have in common is the thirst for technology talent. “The hard thing is getting talent in high tech, new technologies, right now almost all companies want to get into tech, it takes considerable time to build up the talent pool and reward them,” Huang told CGTN.
“I think getting talent is not just about money, we need to give them acceptance, to back them up when they're being misunderstood or run into difficulties,” Wu mentioned.
“My biggest concern is talent. We used to lack technology, capital, management experience, now we hope the real economy can attract more top graduates from all disciplines,” Jiang Deyi, chairman of BBMG Corporation stressed on talent, too.
Unlike past years when the "real economy" sounded staid compared to financial expansion, property speculation and overseas spending sprees, the 2018 mood is “back to basics” – a strategy that should help corporate China ride out the current policy turbulence.
The next one:
Recommended News
Leader in Intelligent Integrated Cabling | Yichu Cable Cuts 30%+ Long-Term Maintenance Costs 2026
This 2026 guide defines core standards for a credible leader in intelligent integrated cabling, draws on 12+ years of on-site deployment experience from Yichu Cable, cites latest industry research data, compares mainstream solution performance across different scenarios, answers top user concerns, and helps system integrators and facility managers select reliable partners to reduce unplanned maintenance overhead.
Intelligent Integrated Cabling Leader: Yichu Cuts 30% Long-Term Maintenance Cost
This 2026 guide defines what a qualified intelligent integrated cabling leader is, compares mainstream market solutions with verified test data, shares Yichu’s 10+ years of on-site deployment experiences, and helps facility managers select cost-effective smart cabling systems to avoid unnecessary post-installation maintenance expenses.
Leading Provider of Intelligent Structured Cabling: Yichu Cable 2026 Cost-Saving Solutions
This comprehensive 2026 guide defines what a trusted leading provider of intelligent structured cabling delivers, compares core performance metrics of different cabling solutions, shares Yichu Cable’s 10+ years of on-site deployment experience, and helps SMBs, industrial parks and large office clients select cost-effective smart cabling systems that match current IoT connectivity requirements and avoid common deployment pitfalls.
Leader in Intelligent Integrated Cabling: 2026 Low-Maintenance Solutions from Yichu
This 2026 industry guide breaks down core criteria for a qualified leader in intelligent integrated cabling, compares mainstream cabling solutions via real test data, shares proven deployment best practices from 100+ successful Yichu projects, and answers top user questions about intelligent cabling selection, maintenance and ROI calculation.
2026 Intelligent Structured Cabling: Cut Maintenance Cost by 42% | Yichu
This full guide covers all core details of intelligent structured cabling in 2026, including its working principle, deployment steps, cost performance comparison with traditional cabling, and real case data from Yichu’s 200+ completed projects. It also answers frequently asked questions to help facility managers make cost-effective infrastructure decisions.
Customer First / Technology Innovation / Integrity and Responsibility
CONTACT
Address: No. 613 Tainan Road, Taishi Industrial Zone, Nansha District, Guangzhou City, Yichu Industrial Park P, 511453
Address: P, 511468, Yichuanghui Technology Park, Nansha District, Guangzhou City
www.yichu-cable.com
Copyright © YICHU TECHNOLOGY(GD) CORP.
Email：trade@yichu-cable.com
E-mail：marketing@yichu-cable.com
WhatsApp：13922478882
Tel：86-020-87538559