China's signal of innovation detected in Davos

Updated: 2015-01-25 12:43


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China's signal of innovation detected in Davos

Huawei founder and president Ren Zhengfei speaks during a session of the World Economic Forum annual meeting on Thursday, in Davos. [Photo/Agencies]

ZURICH, Switzerland -- In the first rays of the morning sun, a trolly bus runs through the busiest Bahnhofstrasse Street carrying on its side a full-sized eye-catching advert of Huawei Technologies, a China's telecom equipment giant.

As a major partner of Swiss Telecom and a provider of networking service to local people, Huawei's growth and expansion in Switzerland is an epitome of China's influence in the global economic arena.

At Davos, a small Swiss town located 150 km away from Zurich, China's global economic influence was further illustrated in late January when the World Economic Forum (WEF) kicked off in the ski resort.

Led by Chinese Premier Li Keqiang, an 80-plus-strong Chinese delegation comprising high-ranking government officials, business elites and prominent academicians drew unparalleled attention, as shown in a Reuters report entitled "China's Li to headline Davos in year of destiny."

In a keynote speech at the WEF annual meeting, Li shared his views on the development of the global economy and elaborated on China's economic situation and measures to comprehensively deepen reforms.

Bloomberg seemed to get what is behind the high-profile presence by subtitling Alibaba and Huawei in its Davos special report.

Supporting Li's remarks "will be the faces of China's new economy -- executives like Jack Ma, chairman of Alibaba Group Holdings Ltd. and Ren Zhengfei, president of Huawei Technologies Co -- who are also attending the World Economic Forum," said the US-headquartered news agency.

Last November, Li attended the first world Internet conference in Hangzhou, capital city of east China's Zhejiang Province, and met there participants at home and abroad including Ma, while in January Li paid a visit to Huawei during a three-day tour of south China's Guangdong Province.

For the Chinese economy to maintain medium-to-high speed of growth and achieve medium-to-high level of development, Li said at the forum, China should properly use the hand of the government and the hand of the market, and give full scope to both the traditional and new engines of growth.

"To foster a new engine of growth," Li said, "we need to encourage mass entrepreneurship and innovation, and mobilize the wisdom and power of the people."

Alibaba and Huawei are exactly the best examples of Chinese enterprises in pursuit of innovative development.

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