4.What's your advice to China's young entrepreneurs? Is it wise to focus so much on online business as so many are doing? What are the most important factors should they watch out for in order to achieve success?
Robert Bosch, founder of our company was a true entrepreneur. When he set up Bosch 129 years ago, he was just 25 years old. For the first 10 years, Bosch was a small company with no more than 10 employees. But Bosch focused on innovation and global trend. The development of automotive industry and his innovation on magneto ignition device for motor vehicle turned Bosch into a global giant.
I believe today's young entrepreneurs could learn from Robert Bosch – focus on innovation, never lose sight on how innovation could better change our life.
5.How will China move away from low-cost manufacturing to high-end manufacturing/innovation? What opportunities does the Belt and Road Initiative provide?
The transition to the "new normal" will require sustained productivity growth that demands the cultivation of indigenous innovative capacity. In recent years, the Chinese government has been continuously taking efforts on economic transition to a more balanced and innovation-driven growth model. Concepts of "Internet+" and "Made in China 2025" are then generated to push the transition.
As one of leading providers of Industry 4.0 systems and technologies, Bosch is dedicated to the continuous upgrading of Chinese industries. Meanwhile, it is expected that the Belt and Road Initiatives will drive domestic economic healthy growth, and also stimulate the growth of industrial manufacturing as well as recovery of construction machinery industry.
