Innovation 'key' to reform success in China, summit told

Steven Cheung says Beijing should establish its own "anchor" for the yuan and remove foreign-exchange controls. Photo: David Wong

Home-grown innovation, rather than slavish copying of Western models, is needed to ensure the success of economic reforms on the mainland, delegates at an economic summit were told yesterday.

Friday, 8 May, 2015, 9:46am

Can China regain its lead in innovation?

Can China regain its lead in innovation? Photo: Xinhua

History moves in funny ways. Watching a BBC programme on the power of science, I learned that a retired British East India Company civil servant called John Walsh financed a naval expedition in 1772 to discover whether the torpedo fish, which stuns its victims using electricity, was producing the same electricity as that generated by lightning discovered by Benjamin Franklin.

8 Dec 2012 - 2:45am

Hong Kong as a knowledge-based economy?

The World Economic Forum's latest "Global Competitiveness Report" rated Hong Kong the ninth most competitive territory in the world. Photo: AFP

The story ought to start with Hong Kong's history as a trading port, our rise to become one of the four Asian Dragons and later the world's premier financial centre. But it is also about our attempt to seek a new role in the context of a rising China, our failure to find a strategy for the much needed economic diversification and creation of high-end jobs expected by the younger generation.

17 Nov 2012 - 11:37am 2 comments

Japan's failed gadgets paved way for innovative success

Kenichi Masuda with Toshiba's 'walking toaster'. Photo: AFP

It gave us the Walkman, the pocket calculator and heated toilet seats, but Japan's path to innovative greatness is littered with failures such as the TV-shaped radio and the "walking" toaster.

12 Nov 2012 - 3:38am

How China can avoid the middle income trap

China is at danger of getting caught in the "middle income trap".

The recent deceleration in China's economic growth is of concern, and not just because it raises questions over whether internal and external demand is needed to keep the economy growing. It also raises a flag as to whether China is settling into a protracted period of subdued growth, better known in economic circles as the "middle income trap".

8 May 2015 - 9:46am 2 comments

Lenovo must learn to innovate to become the true high-tech leader

To stay ahead of the curve, Lenovo has to innovate and create more original intellectual property. Photo: Reuters

China's quest to evolve beyond being "the factory of the world" to becoming the global leader in innovative hi-tech products by 2049 would seem to be clearly in reach. The electronics company Lenovo has, by the reckoning of leading research house Gartner, ousted Hewlett-Packard as the biggest personal computer maker.

17 Oct 2012 - 3:14am

Digest: International or local, what kind of news do you like the most?

Digest: International or local, what kind of news do you like the most?

The late Tip O'Neill, former Speaker of the House in the U.S. Congress, had said that "all politics is local". So is the news, at least the majority of it.

27 Sep 2012 - 11:38pm

Digest: How can social media benefit journalists' work?

Digest: How can social media benefit journalists' work?

As a social media editor, part of my job is to share useful social media tools and skills with colleagues in the editorial department, hoping they can benefit from using these new approaches. So frankly speaking, I was a bit disappointed to learn that until now less than 40 per cent of UK journalists say that social media can inprove their productivity.

19 Sep 2012 - 4:01pm

HK's politicians ranked with murderers, rapists and slavers

Hong Kong's infrastructure ranks among the top three globally, but the city trails in innovation and corporate governance. Photo: EPA

Hip, hip, hooray!

The World Economic Forum has just published its league table of global competitiveness, and Hong Kong is back in the top 10, moving up to ninth place from 11th last year.

So let's all pat ourselves on the back and congratulate ourselves on what a good job the city has done at enhancing its business environment.

6 Sep 2012 - 7:14am 3 comments

Chinese innovation is catching up

The West tends to hold a dim view of China's abilities to innovate, often emphasising its reliance on low-skill manufacturing and duplication of imported creations. However, China has been on a course to transform its economy, beginning with a model of incremental innovation but increasingly focusing on the development of independent and self-reliant intellectual property.

28 Aug 2012 - 2:36am

DJR Digest: Some thoughts on future journalism, and some facts of China’s digital giants

DJR Digest: Some thoughts on future journalism, and some facts of China’s digital giants

If somebody say that graduates from journalism schools will be offered more opportunities in future job market, would you believe that?

Let me prove that to you, some time next month.

Or you can find out the answer buried in one of today's selected articles posted below. 



31 Aug 2012 - 9:29am

People power the key

The mayor of Seoul, Park Won-soon, may look like an ordinary citizen with an ordinary face and an ordinary haircut, but he is no ordinary government official.

25 Jun 2012 - 12:00am

The race is on among economies to foster a culture of creation

As companies and countries alike search for the next path to growth, their leaders cannot get away from the challenge of innovation. Everyone is looking for the genius innovator, or that killer application or product that would rocket them to the top of the league.

12 May 2012 - 12:00am

Really short but strategic

Corporate Innovation and Growth Course HKUST

In today's globally competitive and fast-changing environment, companies are forced to learn how to adapt and seek new opportunities just to survive. Indeed, managers and executives are keen to learn how to manage innovation, and to develop new business in a competitive sphere.

16 Mar 2012 - 12:00am

Logistics requires flexibility and innovation

Making sure that goods are delivered on time is the concern of Bambi Liu (below right), senior supervisor of industrial engineering at UPS Hong Kong.

Being in a supervisory role, her job is to lead and co-ordinate staff to operate efficiently, and to plan and redesign the workflow to streamline company operations.

16 Dec 2011 - 12:00am