Dong Mingzhu, president of Gree, introduces the company's latest intelligent device at a news conference in Beijing. [China Daily]
"Simply imitating or using the technologies of others will no longer work well. While many companies are relying on buying technologies, it is only through innovation that the Chinese-made products can be upgraded. Acquiring technologies can never make a company grow," Dong said.
"The benefit of supply-side structural reform is that Chinese companies can use their talents to create more top products. The government will take steps to better upgrade the real economy through innovation and help accelerate the development of emerging industries," Dong added.
(Source: China Daily)
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