Jiang Xipei: Enterprise is Required to Retain More Competitive Advantages in the Eye of a Storm

    On June 7, 2017, “The 4th China Enterprise Competitiveness Summer Summit (2017)”, hosted by China Business Journal and National School of Development, was held in Grand Millennium Beijing. Numerous economists and entrepreneurs were invited to attend the summit, including Jiang Xipei, founder, Chairman of the Board and Secretary of the CPC Committee of Far East Holding Group Co., Ltd. (hereinafter referred to as “Far East”), Jiang Chenghong, Director of Far East and founder of Beijing Linyun Information Technology Co., Ltd., Cai Fang, a member of the Chinese Academy of Social Sciences and Vice President of the Chinese Academy of Social Sciences, Long Yongtu, China’s Chief Negotiator for WTO entry and former Secretary General of Boao Forum for Asia, Charlene Barshefsky, former U.S. Trade Representative, and Jia Kang, Chief Economist of China Academy of New Supply-side Economics. Guests explored the new driving force for the economic development of China as well as the balance and coordination between traditional enterprises and innovative enterprises under the circumstance of global economic uncertainty. The summit was hosted by Lang Yongchun, Chief Strategy Officer and Senior Vice President of Zhaogang.com and Partner of Pangmao VC.

Lang Yongchun hosts the summit

A scene of “Innovation Output in the Eye of a New Storm” Roundtable Forum

    With the increasingly development of the trend of Industry 4.0, global economy is being reshuffled and integrated in 2017. The advantages of traditional enterprises, such as technology, service and mode, is fading rapidly in the age of rapid development, and innovation is becoming a new way for restoring the economic order and establishing the new business value. In the course of “Innovation Output in the Eye of a New Storm” Roundtable Forum, Jiang Xipei indicated that “enterprises were required to have comprehensive, systematic and prospective consideration, retain more competitive advantages and create more value in accordance with the “Belt and Road” Initiative in the face of global economic turmoil.”

Jiang Xipei delivers a speech in “Innovation Output in the Eye of a New Storm” Roundtable Forum

    As for macro planning and top-level design, Jiang Xipei thought that “the construction of environments including legal environment, policy environment and public opinion environment required the joint efforts made by entrepreneurs and government to create a better basic condition for business environment.”

    Jiang Xipei emphasized that good enterprises were the basis and origin for China’s economic and social development and happy life of Chinese people. “It is necessary to support the development of good and competitive enterprises, and it is important to provide high-quality resources for good enterprises, defined as the enterprises having sustained competitive advantages and competitive power, observing the laws and regulations and being able to provide better products and service, pay more tax and have the ability of profiting.”

    Mr. Jiang also pointed out that “it was required to change the current environment by strengthening the protection of intellectual property rights such as the Product Quality Law of the People’s Republic of China and the Law of the People’s Republic of China for Countering Unfair Competition and optimizing and perfecting the Bidding Law to create enterprises with international competitiveness by providing qualified products for customers.”

    Finally Jiang Xipei talked about the problems of risk control and talent recruitment. Jiang Xipei believed that it was necessary for enterprises to control three risks, i.e. legal risk, the risk of major decisions and the risk of employing staff, especially top talents.

    In the course of the “From Innovation to the Future Pattern” Dialogue, Jiang Chenghong shared his insight into “industrial Internet”, “the future of instant messaging” and “sharing economy”.

Jiang Chenghong attends the “From Innovation to the Future Pattern” Dialogue

    Other leaders of Far East, including Ma Yueqin, investor, Senior Director of Far East Smarter Energy Co., Ltd. (hereinafter referred to as “Smarter Energy”, stock code: 600869) and General Manager Assistant of Far East Cable Co., Ltd., Li Jing,  Marketing Director Assistant of Smarter Energy and Marketing Director of Far East Cable Co., Ltd., Guo Xiaoheng, Director of Brand Culture Center, Mao Yiguo, investor, Marketing Director Assistant of Far East and Marketing Director of Far East Cable Co., Ltd., and Yong Zhixin, investor and General Manager of Far East Cable Exclusive Shop, also attended the summit.