The 8th Asian Leadership Conference was held on 3~4 July in Seoul to bring together global leaders to analyze and find solutions for issues in political and economic forces around the world. As the official knowledge partner of the conference, CKGSB has been providing insights for five consecutive years. Li Haitao, Assistant Dean of CKGSB MBA was invited for the panel session ‘Made in China 2025: From Follower to First Mover’ under the track ‘Focus on China’ to share his insight and opinions this year. He and economic expert gurus discussed how China is transforming to be the leading country based on strengthen new technology and entrepreneurship facing the 4th industrial revolution.
The 8th Asian Leadership Conference (ALC) was held at Walkerhill Hotel in Seoul on 3~4 July. ‘ALC’, an international conference consisting of top leadership, has been hosted by The Chosun Ilbo, one of top media in Korea. It brings political leaders, entrepreneurs and scholars together from all around the world to discuss key issues and solutions in modern society.
CKGSB has been constantly providing insights at the conference as the official knowledge partner of ALC for five consecutive years.
Barack Obama (left), David Cameron (right) / source: ALC 2017 (www.alcchosun.com)
This year, a variety of sessions were prepared under the theme “New Leadership in the Era of Hyper-Uncertainty: Towards Cooperation and Prosperity.” In particular, former President of U.S., Barack Obama attended as the keynote speaker and global top leaders including former Prime Minister of UK, David Cameron, former Prime Minister of Japan, Yasuo Fukuda and SVP of the World Bank, Lin Yifu attended as key speakers.
Prof. Li Haitao’s panel session, Made in China 2025: From Follower to First Mover
Li Haitao, Associate Dean of CKGSB MBA was invited to the 8th ALC, for discussing China’s dynamic economic changes at the session ‘China Manufacturing 2025: from Followers to First Mover’ under the ‘Focus on China’ track. Also, Peking University professor Dongmin Chen, Co-CEO of Great Wall Club, Haoi Yi and Zhen Hao, founder and CEO of KCA Capital Partners were also participated in the same session as co-panels. COO of Morgan Stanley China, Jeremy Huff led the panel discussion as moderators. About 250 people attended and showed their high interest in the Chinese economy and society.
Prof. Li Haitao is presenting ‘Creative China’ at ALC 2017
Prof. Li Haitao talked about the direction in which China should move from a follower to a new First Mover in the global market while analyzing the current economic situation. As the fourth industrial revolution came, China said it must lead reforms in various ways, including setting up a proper legal environment by Chinese government. Then, reforms and innovation in the private sector can take place.
“Chinese government needs to create regulations
to create the environment where innovations can continue.
In the private sector, based on the huge domestic market,
Companies and government must work together
to lead new technological innovations.”
Prof. Li Haitao said that the new companies which belonging to high value-added industries such as Tencent and Alibaba, account for a larger share of all enterprises in China. As their share are growing more, the amount of investment will be growing.
Panel discussion of Prof. Li Haitao
In the panel discussion, Prof. Li Haitao and panels talked about various Chinese companies’ issues in the global market, IP and copyright. They agreed that Chinese companies used to be called ‘Copycats’ in the past, but now they are creating new IPs. They also stressed that the perception of copyright in Chinese companies is changing, but their awareness on the copyright should be raised more in the future. Lastly, Prof. Li Haitao emphasized the importance of the role of the Chinese government. The policy and environment of market-opening would encourage Chinese companies to gain better competitiveness in the global market.