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Economy

Innovation proves driving force in China(3)

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2017-09-22 09:38China Daily Editor: Wang Zihao ECNS App Download

Could China's experience and practices be used to solve pressing global problems?

Hunter: In a world where we are seeing an unprecedented tide of rising anti-globalization, China has shown the path forward for forging closer international trade and collaboration. Initiatives such as the Belt and Road and the Asian Infrastructure Investment Bank are based on sound fundamental principles of inclusiveness, mutual benefit and common prosperity for all participants.

Garnier: China sets an example in solving global problems with its experience and practices as the world's most populous country. At present, the government prioritizes anti-corruption and has achieved significant results.

In addition, the sustainable development strategy of Beijing exerts a far-reaching impact on the world. Sustainable development was discussed as an important topic at the G20 Summit in Hangzhou last year.

By promoting stable and comprehensive reforms, China seeks to improve its domestic development model and realize sustainable development. It also provides assistance for developing countries to cope with an international financial crisis.

What will China be like in five years time and what is the country's long-term future?

Hunter: I see China as taking on an increasingly important leadership role in promoting international trade and economic cooperation. Domestically, I anticipate that the rising middle class will continue to provide impetus for sustained economic growth.

Also, I would not be surprised if the country pioneers new technologies and innovations in critical sectors, such as healthcare or renewables. Overall, I am highly upbeat about China's long-term future, and eager for Henkel to be a part of it.

Garnier: I believe the country will be able to maintain its healthy development trend. The friendly and open environment in China provides enterprises with a solid foundation for development. This in turn means that there will be great potential in the future for all sectors, including retail.

What is the most unforgettable experience you have had in China or is related to the country?

Hunter: The most unforgettable experience has been my visit to the Great Wall last year. This is a symbol of China which represents the country's long history and splendid culture.

It was even more magnificent than I had thought, especially with the sunshine and blue sky we had that day. During my visit, I stopped by Henkel's memorial stone, which was built to memorialize the group's donation for the renovation of the Mutianyu section in 1988.

It reminded me of how Henkel started and how much we have accomplished here. I felt very proud.

Garnier: There are two moments that are unforgettable. The first one was in 2015, which marked the 20th anniversary of Carrefour's development here. By then, we had 230 hypermarkets and 10 convenience stores in 58 cities.

I have witnessed the exploration and reform of Carrefour since it entered the market in the 1990s, blazed a trail with Chinese characteristics. Such a remarkable accomplishment was based on stable development and the fast economic growth in China.

The second one was last year and covers reforms in the retail sector. The central government proposed the integration of "offline and online" channels in a bid to support the development of the real economy. Now, with the prosperous development of e-commerce in China, physical retailers are accelerating diversification with the help of big data and new technology.

  

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