China's startup culture is rapidly expanding to the furthest reaches of society, disrupting the risk-averse traditions of previous generations. The new administration is encouraging startups through funds, incubators, and science parks as the next drivers of growth.
Since the mid-1980s, sustainable development has been generally used but got predominance
when it became progressively fashionable to use it as a way of reacting to global environmental concerns,
biophysical issues, fairness, equity and distribution. The issue of sustainable development has been a growing
concern to both the government
A presentation of research on the link between entrepreneurship and economic growth, given before the RAIN Eugene Accelerator Annual Showcase on October 3, 2017.
Since the mid-1980s, sustainable development has been generally used but got predominance
when it became progressively fashionable to use it as a way of reacting to global environmental concerns,
biophysical issues, fairness, equity and distribution. The issue of sustainable development has been a growing
concern to both the government
A presentation of research on the link between entrepreneurship and economic growth, given before the RAIN Eugene Accelerator Annual Showcase on October 3, 2017.
THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT OF NIGERIANAJHSSR Journal
: Entrepreneurial industries was selected one from each Geo political zone in Nigeria with
population of 387 on the whole descriptive survey design was used and correlation coefficient was used in
determining the relationship between these variable and economic development in Nigeria. Entrepreneurship, all
over the world is acclaimed as a significant factor in economic development. Entrepreneurship does not only
increase per capital income it also increases factor utilization. It is also a veritable change agent of the structure
of business and society. As a change agent it acts as a catalyst for the generation of new ideas, products,
methods of production and the distribution of the products so produced. The jobs created, the new technologies
developed, the improved production method, the increase in output both in terms of quantity and quality are all
the ingredients for economic growth and development. The paper has explored the roles of entrepreneurship at
different sectors of the economy. In carrying out the research this paper is of the view that because of the
capacity of entrepreneurship to generate increased output, its ability to create jobs through formation of new
enterprises, to facilitate transfer of technology or adoption of technology, to invigorate large scale enterprises, to
harness resources, that might otherwise be latent and to stimulate growth in those sectors which supply it with
input; because it is able to encourage and sustain economic dynamism that enables a country to adjust
successfully in a rapidly changing global economy, entrepreneurial development is a sine qua non in the
development of any country especially, a developing country. Conclusion were made and the study
recommended that more job opportunity will be created policies strengthened, environment should be improved
for financing and investment welcomed.
China Economic Miracle Or Myth Bill Hicks April, 2010billhicks
I recently returned from a trip to Asia with my Emory Goizueta Business School MBA class and have posted a paper that provides insights into China\’s current economic boom. Please feel free to offer an comments on your China trips, experiences and insights. Enjoy!
The Role of Governments as Relationship Mediation Between Social Capital and ...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Chinaccelerator, in cooperation with People Squared and the University of Hult, once again hosted their program-annual 10X10 Shanghai on March 15th, 2014.
The Geeks on a Train tour takes the Chinaccelerator startups on a ride from Shanghai to Beijing, then back down to Hangzhou before returning to Shanghai.
As part of the tour, the 10x10 conference brings attendees 10 tech pioneers and top VC's from the startup ecosystem in China. This is an amazing opportunity for attendees to have a peek at the first startup accelerator program in China, meet interesting people and listen to amazing speakers.
As always, each of them takes attendees on a 10-minute tour of their own startup trials and tribulations, wins and losses, then give some great advice and maybe a secret or two about what they learned to help make them the superstars they are today.
These are their slides, we hope you enjoy them. Thank you for supporting Chinaccelerator and entrepreneurship worldwide.
THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT OF NIGERIANAJHSSR Journal
: Entrepreneurial industries was selected one from each Geo political zone in Nigeria with
population of 387 on the whole descriptive survey design was used and correlation coefficient was used in
determining the relationship between these variable and economic development in Nigeria. Entrepreneurship, all
over the world is acclaimed as a significant factor in economic development. Entrepreneurship does not only
increase per capital income it also increases factor utilization. It is also a veritable change agent of the structure
of business and society. As a change agent it acts as a catalyst for the generation of new ideas, products,
methods of production and the distribution of the products so produced. The jobs created, the new technologies
developed, the improved production method, the increase in output both in terms of quantity and quality are all
the ingredients for economic growth and development. The paper has explored the roles of entrepreneurship at
different sectors of the economy. In carrying out the research this paper is of the view that because of the
capacity of entrepreneurship to generate increased output, its ability to create jobs through formation of new
enterprises, to facilitate transfer of technology or adoption of technology, to invigorate large scale enterprises, to
harness resources, that might otherwise be latent and to stimulate growth in those sectors which supply it with
input; because it is able to encourage and sustain economic dynamism that enables a country to adjust
successfully in a rapidly changing global economy, entrepreneurial development is a sine qua non in the
development of any country especially, a developing country. Conclusion were made and the study
recommended that more job opportunity will be created policies strengthened, environment should be improved
for financing and investment welcomed.
China Economic Miracle Or Myth Bill Hicks April, 2010billhicks
I recently returned from a trip to Asia with my Emory Goizueta Business School MBA class and have posted a paper that provides insights into China\’s current economic boom. Please feel free to offer an comments on your China trips, experiences and insights. Enjoy!
The Role of Governments as Relationship Mediation Between Social Capital and ...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Chinaccelerator, in cooperation with People Squared and the University of Hult, once again hosted their program-annual 10X10 Shanghai on March 15th, 2014.
The Geeks on a Train tour takes the Chinaccelerator startups on a ride from Shanghai to Beijing, then back down to Hangzhou before returning to Shanghai.
As part of the tour, the 10x10 conference brings attendees 10 tech pioneers and top VC's from the startup ecosystem in China. This is an amazing opportunity for attendees to have a peek at the first startup accelerator program in China, meet interesting people and listen to amazing speakers.
As always, each of them takes attendees on a 10-minute tour of their own startup trials and tribulations, wins and losses, then give some great advice and maybe a secret or two about what they learned to help make them the superstars they are today.
These are their slides, we hope you enjoy them. Thank you for supporting Chinaccelerator and entrepreneurship worldwide.
Silicon Valley Bank’s annual Startup Outlook survey provides insight into how startups in China, the US and UK are feeling about the year ahead. The 2016 report finds that while startups across the globe are eternally optimistic, they are preparing for a new reality.
Learn more about the Startup Outlook Report and view the US and UK reports at www.svb.com/IEO.
Technopreneurship and the Early Stage Ecosystem in China in 2013Chris Evdemon
20 slides about everything you should know on the state of the Chinese internet, the start-up community and resources available to entrepreneurs in China in 2013.
Using social network analysis, complex intangible relationship patterns can reveal competitive forces, gatekeepers and collaboration opportunities - within and across sectors - in internal and external innovation ecosystems around the world, including China 2.0.
How come a fishing village can turn in 30 years into one of China's most innovative and productive city? Who are the people making Shenzhen something more than just a huge factory? What startups emerge from a city which mixes a lot of immigrants, an entrepreneurial mindset, and a fondness for shanzhai, China's creative piracy and geekery?
We've been attending the Shenzhen Maker Faire in April 2014, and were amazed by both the biggest exhibition of tinkerers and hardware geeks, and the quality of speakers in the conference.
We've also spend a day with the teams from HAXLR8R, a proeminent hardware startup accelerator based both in Shenzhen and San Francisco.
Follow our journey and discover how the startup scene of Shenzhen has been progressively built, what makes it different from Shanghai or Beijing, meet its key people and events, and do remember the name of this city as it's evolving into an epicenter of tech innovation, both for hardware startup and life sciences with BGI.
Opportunities in China's Startup EcosystemZhenFund
The 2013 update from ZhenFund on the state of China's technology startup ecosystem. Last time we outlined the 3C's 2E's in understanding the differences between China and Silicon Valley. This year we focus on some of the positive trends we see developing in the startup ecosystem.
Case Study 4 Understanding a Development Miracle China business deci.pdfinfo324235
Case Study 4 Understanding a Development Miracle: China business decisions/But China has
also adopted active- higher skill and technology content, and it embarked An Extraordinary
Performance rom 1978 to 2011, the economy of China dented achievement for 19% of global
population China\'s income per cap- s of incr se to 9% a year, an any economy in history, let on
its period of rapid growth around 1980, more alone the world\'s most popuióuis nation, with over
than a decade before significant trade liberalization. But often overlooked is that/China\'s ita by
2012 was approaching six times what it was in productivity growth was also very high.
Moreover, 1978, when reforms began. Growth was three times much of China\'s growth in the
1980s and early 1990s the rate that would be considered respectable by was due to nural
township and village enterprises the recent standards of most low-income countries. which had a
qhasi-cooperative and quasi-municipally Shina has also experienced the world\'s most owned
character. There has been less privatization dramatic reductions in poverty. The World Bank\'s of
state-owned enterprises than in most developing most recent estimate is that Just 12% of China\'s
countries. In the meantime, countre sin Africa Latin population lives on less than$1.25 per day
(27% America, and elsewhere that have most closely fol- below $2 per day). This means that
hundreds of lowed the free-market model have generally not done millions fewer people were
bving in extreme pov- particularly well. While all schools may find some- erty in a span of just
three decades. Reductions in thing in Chinate let them claim it as vindication of extreme poverty
in China are far faster and greater their favored development policies, it is also clear than
anywhere else in the world that if China were performing dismally, each could (and likely
would) find reasons why its own theories, including free-market theory, predicted such a failure
Debate on Sources of Success For such a stunning record, the roots of China\'s suc- There have
been many special explanations for cess remain a source of disagreementy The Chinese China\'s
remarkable success. Many of them contain experience seems to change everything-but does part
of the truth, but such dramatic success is more it? And if so, in what ways? Success has a thou-
than the sum of these parts. Let us review some of sand fathers, and all the major traditional and
new the explanations. China as their most important case in point. China schools of thbught on
development want to claim Regional \"Demonstrations.\" The presence of regional
\"demonstration\" models, has been is hailed as an example of the benefits of markets, crucial.
Japan was emulated\"by other countries trade, and globalization. Yet by conventional mea- in the
East Asian region. Hong Kong provided sures, institutions in China remain quite weak. For an
additional example for China, as did China\'s example, the World Bank\'s 2013 \"Pase of Doing
.
Make in India initiative to achieve transform India from highly potential market to the manufacturing powerhouse. Its mantra is "Zero Defect and Zero Effect"
Outstanding Chinese entrepreneurs are successful in developing various versatile investment zones, free of cost trade zones, tax facilities, and appropriate infrastructure. They are much more developed than other you try in elements such as quick approval of investment proposals and expanding infrastructure.
Andrew Scott on the future of India and China Telstra Global
Last week the Asia Pacific Summit 2011 took place in London, presented by the London Business School and sponsored by leading telecommunications company Telstra International. The Summit brought together a wide scope of experience and perspective – from the academics of the London Business School to the heads of some of the world’s leading businesses.
The two day event incorporated lectures, speeches, case study presentations, panel sessions and interactive workshops all aimed at examining the many potential challenges and pitfalls of doing business in Asia Pacific, as well as key strategies to overcome them.
Socialism with chinese characteristics and global superpower aspirantM S Siddiqui
In a world comprising a diverse array of countries, each with its own complex, dynamic, and evolving system, there can be no one-size-fits-all development path. The Thought builds on and further enriches Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the Theory of Three Represents, and the Scientific Outlook on Development. It represents the latest achievement in adapting Marxism to the Chinese context.
The report can be used as a first guide if you are interested in business China: "If you are thinking of doing business with China but don't know where to begin."
This presentation has been made by China-Access, a China based consulting company to assist overseas companies to enter China market.
China used to be an innovation absorber, simply copying ideas from elsewhere to roll out to local and foreign markets. Today, Chinese firms are recognised as innovators on the world stage. The most successful Chinese entrepreneurs have bolstered their innovative capabilities by collaborating with and acquiring international firms.
China’s president, Xi Jinping, wants to turn China into an innovation-driven economy by 2020. But can government-mandated innovation in a complex, partially closed economy save China’s growth prospects? Can China become an innovation powerhouse?
The Innovation Summit 2016 will bring together C-suite executives, entrepreneurs and critical thinkers from China and the surrounding region to discuss what lessons the world’s great innovators can offer China, and what ideas and insights it can share in return.
Visit the event website: innovation2016.economist.com
Join the online discussion with #EconInnov
The 5 Crucial Role of Entrepreneurship in Economic Development.pdfSmartSkill97
Entrepreneurship plays a pivotal role in shaping the economic landscape of nations. It is the heartbeat of the market, pumping innovation, employment, and growth into society's veins. Through the daring vision of entrepreneurs, new horizons of possibility are explored, creating a ripple effect that benefits not only individual lives but the economy as a whole.
As a student, you'll also understand why entrepreneurship matters for the economy, how it develops, the environment it thrives in, and why it's important.
This transformative power of entrepreneurship ignites a chain of prosperity that uplifts entire communities, making it a cornerstone of economic development. In the following discussion, we will delve into five critical ways entrepreneurship proves to be an indispensable asset to the economy, highlighting its significant contributions and the lasting impact it leaves on the world's financial health.
A succession of dynasties ruled China from the second millennium BC to the early 1900s. Chinese history changed course, however, as Europeans expanded into Asia.
China suffered through clashes with European powers in the 1800s. Then, in 1911, Chinese revolutionaries overthrew the last dynasty. The country suffered internal strife for nearly four decades due to warlords, civil war and Japanese invasion. In 1949, the Chinese Communist party won the civil war and established China's current government.
The Communists implemented many social and political changes, starting in the 1950s with the transition to a planned economy. Leader Mao Zedong launched a "Cultural Revolution," in which young loyalists attacked intellectuals and party leaders.
In the late 1970s, the Chinese government introduced economic reforms, introducing elements of a free-market economy. The government also encouraged foreign investment. That laid the groundwork for the modern China we see today.
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Generating a custom Ruby SDK for your web service or Rails API using Smithyg2nightmarescribd
Have you ever wanted a Ruby client API to communicate with your web service? Smithy is a protocol-agnostic language for defining services and SDKs. Smithy Ruby is an implementation of Smithy that generates a Ruby SDK using a Smithy model. In this talk, we will explore Smithy and Smithy Ruby to learn how to generate custom feature-rich SDKs that can communicate with any web service, such as a Rails JSON API.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
2. CHINESE STARTUP CULTURE BECAME A VERY, VERY BIG THING THIS MONTH.
“Startup business” is not an unknown term in Chinese society, but the start-up phenomenon hasn’t been anywhere as
popular and familiar to the public as in some western countries.
Startup culture has been very slowly growing in China for about a decade, but only recently—with the official support
from the central government and several extremely successful examples like Alibaba and Xiaomi—have we seen a
megatrend of support for start-ups becoming a powerful force in China.
China’s premier and 2nd most powerful government leader, LI Keqiang, has stated the importance of and the
government's strong support for startups multiple times since 2014. He has introduced a slogan for this new strategy
titled “Popular Entrepreneurship and Mass Innovation” (大众创业、万众创新).
The slow growth in China’s startup culture has gained a gigantic boost since Premier Li’s “State of the Union” address (the
“Government Work Report”) delivered two weeks ago during the annual sitting of China’s congress, the National People’s
Political Consultative Congress. Effectively, Premier LI has named Chinese startups as the next major engine for
employment and Chinese prosperity.
INTRODUCTION
3. CHINA HAS PLENTY OF VENTURE CAPITAL AND FAST-GROWING INFRASTRUCTURE.
1. More than 1,000 investment agencies fund entrepreneurs in China, holding a capital sum of over USD $56.8 billion.
2. Technology deals in 2014 increased 15 percent year on year to hit CNY 857.7 billion (USD $138 billion).
3. China has 115 university science parks and over 1,600 technology business incubators, which help startup technology
companies develop by providing services such as management training or office space. These incubators and science
parks are incubating over 80,000 enterprises and hiring 1.7 million employees.
RECENT STATISTICS
4. A BIG STEP FORWARD FOR CHINA.
China began its dramatic transition from a Communist, centrally-planned economy to a major market economy—with
“Chinese characteristics”—in the 1970’s.
Yet it was not until the early 1990’s that Chinese people were encouraged to open their own private businesses.
The history of entrepreneurship in China is, therefore, relatively short. It is a seismic shift for China’s premier to announce
the government’s full support and encouragement for startups this month.
CHINESE CULTURE IS NEWLY READY FOR STARTUPS
For many years, the first and best career path for young Chinese was to get a job in the government in a so-called “golden
bowl” (financial stabilization and good social status) industry in state-owned enterprises.
Families and parents are now more willing than ever to let their college graduates start their own businesses and take
risks.
Drawing on Alibaba’s Jack Ma and Xiaomi’s Lei Jun as models, powerful Chinese parents are allowing their offspring to try
their hand at startup fortune.
RECENT CULTURAL CHANGES
5. IMPROVEMENTS TO CHINA’S INTERNATIONAL REPUTATION AND ‘SOFT POWER’
With Xiaomi and Alibaba as powerful examples of Chinese tech companies that have built excellent worldwide
reputations, China has realized that successful startups improve China’s image and soft power projection.
A NEW ENGINE FOR CHINA’S ECONOMIC REFORM
For decades, China has been the world’s factory, tirelessly producing low-profit and labor intensive products. Startups,
mostly in the internet and technology sectors, are now officially seen by the central government as the best “new engine”
for China’s economy, and as a critical formula for China’s economic reform.
For the central government, “upgrading” China’s economy to a more technological and intellectual property-driven
structure is an important strategy to ensure sustainable economic growth.
CHINA’S GOVERNMENT HAS ANNOUNCED THAT STARTUPS WILL DRIVE JOB CREATION.
Small businesses are newly recognized as the key drivers of job creation. China is entering a new economic phase (the
“New Normal”) which calls for slower but more sustainable growth. As economic growth slows, China still needs to keep
employment rates up. Startups are viewed as the best solution.
STARTUPS GREATLY BENEFIT CHINA
6. STARTUPS INCREASE COMPETITION IN A HEALTHY WAY.
Hundreds of thousands of Chinese startups increase market competition.
According to government policies announced in the past two weeks, this will result in a public (especially the younger
generation and people from the underdeveloped countryside and low income families) increase of opportunity and build
more prosperous livelihoods.
LET MORE GET RICH NOW.
Chinas’ great and original reformer, President Deng Xiaoping, famously stated that “Reform and Opening Up” policies
would “Let some people get rich first”.
Under the most powerful President since Deng, President Xi Jinping and his Premier Li Keqiang have unambiguously said
“Let more people get rich”.
Increasing people’s incomes helps China to achieve its goal of a “moderately well-off society” and eventually realize “the
Chinese Dream”, the full rejuvenation of Chinese power and prestige.
STARTUPS MAKE CHINESE RICH
7. HOW WILL CHINA’S GOVERNMENT SUPPORT STARTUPS?
It is still too early to tell – all policies have yet to be detailed. What is crystal clear, however, is that China’s central
government will play both a supporting and guiding role.
China’s State Council (its “Cabinet” of super-powerful ministers) has issued a call for ministries and local governments at
"all levels" to support innovation. The State Council vows to provide a better environment for “popular entrepreneurship”
and “mass innovation” by:
1. Lowering barriers, which includes the provision of tax benefits and lower rent for startup working space.
2. Strengthening government services, which includes making business registration and licensing much easier.
3. Guiding and promoting investments and funds towards startups, which includes improving the existing system of
venture capital and angel investment to sharply reduce bureaucratic “red tape”.
4. Encouraging college students, scientists and engineers to start new businesses.
REFERENCES
http://www.scmp.com/business/companies/article/1735905/communist-party-calls-angel-investors-help-grow-start-ups-and
http://www.scmp.com/business/china-business/article/1732704/can-li-keqiangs-internet-plus-strategy-really-save-china
http://news.xinhuanet.com/english/2015-03/11/c_134059020.htm
http://news.sohu.com/20150316/n409857456.shtml
http://www.gov.cn/xinwen/2014-09/17/content_2751952.htm
http://tech.163.com/15/0112/15/AFP61KB500094ODU.html
http://tech.ifeng.com/a/20150128/40962562_0.shtml
CHINA SUPPORTS STARTUPS