Lianghui Part 2: Alumni Voices

March 23, 2016

CKGSB is widely known for having the most powerful alumni network in China and many of the school’s EMBA alumni played an active role in the recently concluded ‘Lianghui’ parliamentary sessions. Find out what they had to say about topics including agriculture, e-commerce, Internet monopolies, recycling, financial reforms and entrepreneurship.

CKGSB is widely known for having the most powerful alumni network in China and many of the school’s EMBA alumni played an active role in the recently concluded ‘Lianghui’ parliamentary sessions. In the article below, find out what CKGSB alumni had to say about:

  • Agriculture
  • Poverty alleviation
  • Online sales
  • Internet monopolies
  • Recycling incentives
  • Financial reforms
  • Real estate regulations
  • Startup incubators
  • Entrepreneurship

Pei Chunliang, President, Chunjiang Group

On green agriculture:

Farmers in China are using all kinds of pesticides and fertilizers to improve the productivity of their lands, which has already caused horrible ecological damage and resulted in pollution. To solve these problems, farmers should rotate the crops they grow on their lands so that the soil remains fertile. Additionally, chemical-free fertilizers and pesticides should be used to protect the soil from further pollution and ecological damage.

On poverty alleviation:

The most important thing is to tackle illiteracy, which means more teaching resources and better education should be provided for the underprivileged. Welfare payments for the poor should be given directly to the families or people in need rather than to the local government. What’s more, cloud computing technologies can be used to evaluate the needs of the poor.

Wang Gang, Chairman, Henan Yihe Real Estate Co.

On the impact of online sales on the real economy:

The government should attach more significance to the impact of the Internet on the real economy. In addition to emphasizing the “Internet Plus” strategy, the government should also pay attention to those who are less privileged in terms of their working skills and learning abilities.

On the creation of an online sales tax:

To create a fair and balanced market order, online sales should be taxed. It is unfair for the real economy if online sales still enjoy tax-free status.

On Internet and innovation monopolies:

The government should be wary of monopolies among Internet companies. The younger companies that are just starting out will suffer a great deal compared with the larger companies if there is no antitrust protection against the huge companies that have so many advantages in technology, capital and brands. A more level playing field should be created with more antitrust protection in the market so that potential innovations from smaller firms can have more room to develop.

Guo Guanghua, Chairman, Jin Zhou New China Dragon Moly Co.

On recycling incentives:

Subsidies should be given to enterprises that use recycling measures to reduce pollution. Many companies have recycling processes that actually increase the cost of their production in order to reduce waste, while others just pollute directly without taking any measures. To encourage more factories to take action against pollution, the government should give subsidies to companies who actively recycle.

Shi Lei, President, Shaanxi Magnesium Group

On various financial reforms:

The destocking and de-leveraging policy by the central government should be more workable. Raising the personal income tax threshold would be a great relief for both ordinary workers and businesses. Banks should take some measures to help private enterprises in hard times, such as allowing companies to pay the interest of their debts first and the principle of the debt later on, transforming short-term debt into long-term debt, and reducing benchmark interest rates.

Lian Lianggui, Chairman, Zhejiang Investment Group

On real estate regulations:

Commercial real estate plays an important part in the process of destocking and de-leveraging since it is very helpful for the development of the real economy. The current policy towards commercial real estate and residential property is unfair: the threshold for the purchase of commercial estate is rather high since the down payment is larger than it is for residential property and the period within which you must pay off the loan is shorter.

On startup incubators:

More attention should be paid to the quality rather than the quantity of startup incubators. There has already been a large quantity of innovation incubators around the nation, but their quality is not good enough. The key problem for the central government is to lead and support the development of startup incubators in the right way, rather than simply increase their number.

Li Xiaohong, Chairwoman, Hunan Jiahui Group

On supply and demand in agriculture:

In less developed areas, which are closed from the outside by information barriers, farmers know little about the needs of the market. As a result, what they have grown may not be needed by the market, while what the market needs can be in short supply. If farmers can get more information about the needs of the market, they can adjust their production plans accordingly which can help them increase their income.

Various comments on what it takes to be an entrepreneur

Wang Gang: Social experience, capital and the policy environment are all very important for startups. Young people should be very cautious about their decision to start a business venture.

Guo Guanghua: Faith, persistence, absorption and a learning spirit. None of these four things can be dismissed.

Shi Lei: Faith, persistence, patriotism, learning and ideas are all needed in the process of starting a new business.

Lian Lianggui: Good partners can be helpful to the success of a startup. Entrepreneurs should concentrate on one thing, rather than get distracted by several things.

Li Xiaohong: It could be a good chance for young people to go back to their hometown to start their own business, which can also help promote the development of their hometowns.

Pei Chunliang: Persistence is the most important thing. Startups should also make full use of any relevant policies.

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