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Business / Economy

Executives survey the prospects for China's future prosperity

(China Daily) Updated: 2016-03-16 09:54

Executives survey the prospects for China's future prosperity

Zhang Ying, Dassault Systemes Managing Director for Greater China. [Photo provided to China Daily]

A1: Economic structural adjustment is essential. Those who don't adapt to it will not have a bright future. Dassault Systemes has always paid attention to China's economic transformation and upgrading. Be it the business or consumer market, advanced technology and new tools are necessary to improve the efficiency and quality of products. We think highly of China's economy, and have confidence in the forthcoming 13th Five-Year Plan. This year is the start of China's new five-year plan. I believe the Chinese government will continue efforts to reform, boost transformation and upgrades, and promote economic development.

A2: The Chinese government encourages people to do business creatively and drive innovation, from which we find that Chinese talents possess the ability to innovate. This is a valuable asset for China's economic development. We think the country is breeding more creative opportunities, and needs more world-leading technologies.

A3: As far as I'm concerned, supply-side structural reform will leverage all effective ways to renovate the business process, ranging from research and development to sales and marketing. The Integration of Information Technology and Industrialization and Internet Plus are two reforms the government has focused on.

Specifically speaking, supply-side structural reform means innovation driven by new technology (for example big data, cloud computing, the Internet of Things and 3-D printing) and new thinking. The goal is to meet domestic demand, and stimulate economic transformation and growth.

A4: The coming five years will be a crucial time as China carries on development at a new level. An increasing number of Chinese companies will be going overseas for more opportunities, and the country's consumer market will become more mature. In addition, the awareness of intellectual property will benefit Dassault Systemes and all the other software companies, so they can grow together with China.

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