Sustainable Growth through Innovation: China’s Creative Imperative
Beijing, China 10-11 September
China is now the world’s fourth largest economy – its per capita GDP is over US$ 1,000, its foreign exchange reserves are nearing US$ 1 trillion and it has surpassed the United States as the leading destination for foreign direct investment. China’s rapid economic success, however, has also introduced new challenges that will require innovative government policies and creative business solutions if the country is to maintain its strong record of growth.
The priority now is reducing rural-urban income disparities and uplifting the living standards of the 800 million Chinese earning less than US$ 1,000 a year. The challenge is how to shift from investment and export-driven economic growth to sustainable growth that is driven by technology innovation and domestic consumption. In response, the Chinese National People’s Congress endorsed the 11th Five-Year Plan (2006-10), which is focused on implementing "people-centred" and "scientific" development policies. Such a transformation will require creative ideas in the public sector and greater value creation in the private sector.
For over 25 years, the China Business Summit has convened the country’s senior government and business leaders with top executives from the international business community and leading experts from the world’s most important academic institutions. The objective of the China Business Summit 2006 is to bring key stakeholders together in Beijing to rethink and reshape the country’s growth and industry agendas in this new context.
Baba Kalyani, Chairman and Managing Director, Bharat Forge Limited, India
Liu Changle, Chairman, Phoenix Satellite Television Co. Ltd., Hong Kong, Hong Kong
Chen Yuan, Governor, China Development Bank, People's Republic of China
Wang Jianzhou, Chairman and President, China Mobile Communications Corporation, People's Republic of China
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