Innovation key for young entrepreneurs

Cao Dewang, chairman of Fuyao Group

In 1984, I realized China's auto glass market was monopolized by foreign firms. One piece of imported glass could cost thousands. I made up my mind then: Chinese people must make their own auto glass! I turned down every chance to make quick money in real estate. Looking back, that choice was absolutely right.

What kept Fuyao going through economic cycles was our deep respect for our country, for our industry, for rules and for natural laws. We stuck to our founding mission and kept evolving. Young entrepreneurs must stick to industry, serve the nation and drive product and tech upgrades through continuous innovation. That's how we push society forward.