Chinese government encourages companies to innovate

Global Business

To upgrade its manufacturing sector, the Chinese government is calling for technological innovation. CCTV’s  Zhang Nini filed this report from Shanghai.

Highlights: 

  • With the domestic market almost saturated, company executives say they are also branching out to emerging markets like India.
  • Favorable export policies from China’s quality supervision authority also give companies like Highly a boost in their global outreach.

Haiyan Wang on China’s innovation

For more on China’s plan, Phillip Yin interviewed Haiyan Wang, the managing partner at the China India Institute.