At the turn of the century, global innovation followed a Western script. Silicon Valley dominated the world in innovation. Europe exported standards and governance. Asia, in contrast, was cast as the manufacturer, assembler and consumer. But the global innovation order is shifting. According to the latest Edelman Trust Barometer, change is under way not only…
As Shenzhen approaches 45 years as a special economic zone (SEZ), the importance of opening up in driving China’s progress was stressed by none other than Huawei Technologies founder Ren Zhengfei. “The more open the country becomes, the more it will drive our progress,” he told People’s Daily in a recent interview, speaking also of…
Chinese President Xi Jinping recently commemorated the 120th birth anniversary of Chen Yun, one of the foundational economic planners of the Communist Party of China. Amid the commemoration’s celebratory tone, Xi’s speech signals a rhetorical shift. The references to communist conviction so prominent in the 2015 address delivered for Chen’s 110th birthday were relatively sparse…
By Che Pan and David Kirton BEIJING/SHENZHEN (Reuters) – China’s Huawei Technologies said on Monday its profit fell by almost a quarter in 2024 versus a year prior when income from the sale of its Honor handset unit provided an earnings boost, while its revenue grew at the fastest rate in five years. Net profit…
Criticism of Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings over its Panama Canal ports sale is mounting as key Beijing offices posted another online media commentary warning entrepreneurs who choose to “dance with Americans” will have no future even if they secure a “big deal”. The article, published by pro-Beijing newspaper Ta Kung Pao…
Criticism of Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings over its Panama Canal ports sale is mounting as the two top Beijing offices in charge of Hong Kong affairs posted another commentary warning entrepreneurs who choose to “dance with Americans” will have no future even if they secure a “big deal”. The article, published…
With his symposium that brought together China’s top private entrepreneurs, President Xi Jinping sent a message that the country has won an initial victory in weathering technological restrictions imposed by the US. According to the People’s Daily, Xi told the country’s tech titans, including Huawei Technologies founder Ren Zhengfei and robotics start-up Unitree founder Wang…
President Xi Jinping has reiterated his view of China’s inevitable rise – a belief that continues to drive policymaking at the highest level – at a closely watched symposium with prominent entrepreneurs, held to boost private-sector morale and shore up economic momentum. He told the assembled business leaders on Monday that the East still holds…
Ren, the face of China’s resilience against US hostilities in technology, told Xi that concerns had eased over China’s lack of home-grown chips and operating systems – the “heart and soul” of modern technology – according to a report from the People’s Daily on Friday. “I firmly believe that a stronger China is rising at…
Yu Renrong, the only semiconductor executive to attend a symposium hosted by Xi Jinping with other Chinese entrepreneurs earlier this week, has quickly become the face of the nation’s chipmakers. In a video released by the mainland’s state broadcaster CCTV, the 58-year-old founder of Shanghai-listed Will Semiconductor – wearing a black coat – was seen…