The latest issue of the article in Hong Kong's "Asia Weekly" has the original title: Innovation is the most powerful productive force
Innovation is the most powerful productivity. This is a testimony to the history of modern China. Without the innovation of the previous generations, China's economic development in the past 20 years will fall into the "middle-income trap", and it will be difficult to gallop on a new track behind the advanced countries.
In the first decade of the last century, China's economic development still relied heavily on cheap labor, processing with supplied materials, and in the global system, it was limited to the low-end part of the value chain, which was ridiculed by the West as "to sell 700 million shirts before you can change a Boeing airliner". However, China's private enterprises are the pioneers of innovation and are not willing to play a passive role in the power structure, they need to make breakthroughs in scientific and technological research and development, and find a new "paradigm shift".
From the innovation of switches to the development of 3G, 4G and even 5G, Huawei has gathered the efforts of hundreds of thousands of scientists to overwhelm Nokia and other large Western companies, and finally to single out Apple, the world's strongest company. Even a lot of political repression can't stop Huawei from rising to become one of the world's most creative companies. BYD is also a long-term favored company, even if the stock god Warren Buffett once favored, but it has also gone through a lot of trials and rains, insisted on innovation, and continued to overtake on the electric vehicle track, becoming one of the world's largest car companies in terms of production in 2023.
However, the innovation of Chinese private enterprises not only benefits from the research and development of science and technology, but also the continuous trial and error in the organizational structure. Huawei spent nearly $600 million to invite IBM teachers to reform the organizational structure and comprehensively learn the advantages of American companies Xi; But Huawei is not simply plagiarism, but selectively used. BYD is also because of its strong internal organizational competitiveness, twisting hundreds of thousands of employees into a rope, and has strong resilience to face the challenges of global car companies. The success of private enterprises has also brought incentives to state-owned enterprises, so that state-owned enterprises must walk on thin ice and continue to innovate.
The track of innovation, carrying the Chinese-style modern train, is heading for an epic journey, from "corner overtaking" to "lane change overtaking", from the fight in the Red Sea to the development of a new blue ocean strategy, finding a new vision, and discovering a new self.
*: Global Times.