China Must Innovate to Remain Competitive
Sun Lijian, Shanghai Daily | May 28, 2009
The economic crisis has reminded China of the fragility of an export focused economy. ++ As a result China must consider wealth management alternatives and the "initial stage of industrial development is crucial to value creation in the future." ++ China is in the middle part of the industrial chain and the lack of pricing power and industrial core competitiveness limits their ability to make profits. ++ In order to succeed, China needs to develop its finance industry, nurturing and introducing professional investment teams to support innovation.
Tags: | China |
global economic crisis |