New technologies are playing an increasingly central role in the global economy, and governments across the world are rushing to support innovation across a wide range of industries. It is no longer the privilege of western markets to lead the way in technology development. Both innovation and entrepreneurship have led the Chinese government agenda since 2014 as part of its ambition to shift economic development, currently driven by manufacturing, to one that is steered by innovation. The vision is rooted in “Made in China 2025” or “Industry 4.0”, which aims to capitalise on big data analytics and robotics, as well as artificial intelligence. The city of Shenzhen, dubbed as the “Chinese Silicon Valley”, is already making headlines and drawing the world’s attention.
As a result of China’s move from a high-speed phase of development to a high-quality phase of development, it is now looking to forge partnerships with other innovative countries. Legal systems and the established nature of business partnerships and joint ventures are not, however, fully aligned between China and foreign markets. Despite growing business potential, companies from developed markets encounter difficulties in identifying the opportunities and remain fearful about their ability to protect their brands. At the same time there are many conflicting messages about the level of risk in doing business in China. US President Donald Trump’s trade dispute with China has reasserted China’s emerging “innovation nation” status and the associated risks and opportunities that come with this.
This ‘China and Innovation’ roundtable, in partnership with Rouse, will examine how companies can maximise the opportunities arising from China’s growing demand for western technologies, while understanding the risks and how these can be mitigated.
Speakers will include:
- Rene Haas, President, IP Products Group, ARM
- Kerry Brown, Professor of Chinese Politics, King’s College London
- Grace Lang, China Director, UK Research and Innovation
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