Execs praise China's progress in sci-tech innovation

Q3 Innovation has been the bedrock of China's modernization. What new opportunities can you foresee for the world in China's pursuit of innovation-powered high-quality development?

WAN: China's industrial output ranks first in the world, which overtook the United States many years ago. China has a huge and complete supply chain system, backed by the world's largest consumer market, and industrial companies around the world are very optimistic about the prospects and potential of the Chinese market. This does not conflict with China's proposal to have independent property rights in technology. On the contrary, more opportunities for cooperation are available within such an intensive investment environment.

FANG: The pursuit of high-quality development requires advanced technology equipment as well as high-quality products and services. 5G is one such technology. China is playing an important role in global 5G development. This indicates that China will be a key driver behind core demand for 5G and its development of new features. Ericsson aims to enter the leading market with innovative technology and applications, and China is such a market.

CHEN: More Chinese companies are demanding a stronger, smarter and more resilient digital infrastructure as they "go global" and up their game. That is where IBM's technology and consulting expertise can pitch in and help them stay competitive. Globally, I believe that technology has become a fundamental source of competitive advantage. More than ever, technology serves as a catalyst that can help businesses boost productivity, innovation and their ability to scale.

The banking industry provides a good example. After having led the modernization of the global banking systems for decades, IBM's mainframe platform continues to evolve, and delivers critical and cutting-edge innovations that financial businesses need.

HOU: Microsoft has been in China for 30 years. To us, China is one of the world's most innovative and dynamic markets. We plan to continue to responsibly serve in our role as an international technology company helping Chinese innovators elevate their technology solutions on the global stage. We code and build with our established local ecosystem in a dynamic of joint innovation to assist Chinese customers in their digital transformation. In terms of basic research, Microsoft has built five of the most capable R&D centers in China. We also extend cooperation with local governments with dozens of innovation incubators throughout China that are tailored to local economic development needs, serving startup companies, promoting local innovation, and developing local talent.

Both the current state of the innovation environment in China and our continued commitment to the market reflect our confidence in China's economic prospects and technology development potential.

MENG: Through broad partnerships, we sincerely feel that Chinese enterprises have the determination and courage to build themselves into world-class players. In this regard, they are always keen on embracing and adopting new technologies and are able to adapt to change and create win-win partnerships. Chinese companies have actively integrated themselves into the overall landscape of global technological innovation, which created even broader opportunities for collaboration with companies like Qualcomm. Looking ahead, Qualcomm will continue to build on our technology roadmap, delivering to the ecosystem with advanced chip products and technologies, and partnering with industry partners to build an intelligent, connected world.