Transcript of the speech by maijianming, vice pres

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On September 19, 2009, the "2009 fortune CEO Summit" hosted by the Chinese version of fortune was held in Beijing. The following is the transcript of the speech made by Mike Jianming, the global senior vice president of Dow Chemical in Asia Pacific, Middle East and Africa, at the sub forum "made in China to made in China"

maijianming: when we look at China's economic growth, it is obvious that it is driven by the manufacturing industry. To a large extent, it is precisely driven by a large amount of capital investment by the Chinese government or Chinese enterprises in the past 20 years. In this process, efficiency will be affected and supply will exceed demand. In the next 30 years, I think the control system of the service industry experimental machine occupies the leading position of the experimental machine, and it will become more China. Looking back on the previous 30 years, China is a big manufacturing country, and in the next 30 years, China will still be a big manufacturing country, but China's manufacturing model will be more advanced and innovative to offset higher manufacturing costs

host liuzhijin: Mr. Mai has been actively exploring effective cooperation mechanisms in Asia for many years. Do you agree with this point about Chinese innovation? Should we improve our innovative talents or culture

maijianming: I think a structural reform is needed. I think the enterprise is the driving force of innovation, not the government. The government is responsible for formulating some frameworks, but the enterprise is the driving force of technological innovation, which has been the case in the past 20 years

if you look at what happened, most Chinese and foreign enterprises in China are based on low-cost advantages, which is changing. Because China now has 1.5 million science graduates every year, three times that of the United States. In the United States, 76% of doctoral and postdoctoral students are Asian Americans, so we see that many companies come to Asia to seek Asian intellectual capital. We see the quality of Asian university graduates. Talents are everywhere, not only in California, but also in many parts of the world. Therefore, companies will look for intellectual capital all over the world

now we need to develop a good framework so that these talents can have an opportunity to develop and grow. In the company's system, they can get their own growth and enrich the best practices. Whether it is a large company or a start-up company, such as Dow Chemical, we have just opened a research and development center in Shanghai, with 700 scientists and the most advanced research and development facilities in Dow Chemical. Our R & D personnel are the best scientists in this field I have seen. We are no longer a foreign enterprise. There are only 3 to 5 foreigners in our research and development, and the rest are Chinese. Moreover, the research and development center of Dow Chemical in Shanghai is to study the world's most advanced technology and the next generation technology, 16 Local size (L × W × H mm):2100 × one thousand two hundred and sixty × Before 2000, we only studied some incremental innovations. Now we are developing the top-level innovations. If more foreign enterprises like us do this, China's intellectual resources will be further released

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