Innovation & a Way Out for Chinese Enterprises in the Current Situation
Jun 24-2025
Refining Competitiveness in the Involution
In his opening speech, Liu Hui, EMBA2011 alumnus, chairman of Leezcar, said bluntly: “China is experiencing a great change that has not been seen in a hundred years, with intertwined tariff disputes, technology blockades and industrial restructuring, but a moderate “involution” is precisely the whetstone for refining the competitiveness of enterprises going overseas.”
Innovation Reduces Costs & Integration Increases Efficiency
Xu Jun, EMBA2005 alumnus and senior vice president of Leapmotor, emphasized that the core competitiveness of the new energy automobile industry lies in the ability to implement technological innovations and the efficiency of supply chain integration. He pointed out that Leapmotor has achieved 80% process automation using digital tools, significantly reducing operational costs. In terms of globalization, Xu Jun proposed the 'win-win' approach of going overseas, whereby China's supply chain advantages should be combined with local interests abroad. He predicted that the price band of 250,000 to 500,000 RMB would become the main battlefield for new energy vehicles, and that technology popularization will be key to winning this battle.
How to Develop Used Cars in the EV Era
In his talk, Jiang Dong, EMBA2006 alumnus, CEO of Taoche Group, and Executive Director and Co-President of Yixincars Group, revealed the huge potential and challenges of China's used car market. He pointed out that, although data shows that the annual trading volume of used cars in China has exceeded 1.3 trillion yuan, problems such as low industry concentration and a lack of transparency in car condition assessment are hindering development. He also mentioned that the export of used cars is becoming a new growth point. Chinese models offer significant cost advantages in Southeast Asia and the European markets, with some models selling overseas at prices up to twice the domestic price, offering considerable profit margins. However, he also warned that a lack of cross-border supply chain synergy would exacerbate resistance to localization.
Keep Moving Forward
Zhuang Zhi, EMBA2008 alumnus and chairman and CEO of the Engma Human Resources Group, analyzed the long-term advantages of the Chinese economy from a historical perspective. These include a complete industrial chain, an efficient governance system, and a talent pool. He put forward the 'Three Highs Strategy': sinking executives to the front line; a high-density layout of flexible labor and overseas markets; and high-precision matching of skill demand in emerging industries. Mr. Zhuang revealed that Engma is accelerating the expansion of its human resources services in Southeast Asia and the Middle East, as well as developing AI training tools to address the talent shortage in intelligent manufacturing and live-stream e-commerce.
How Can We Break the Game When Technology Subversion Meets Capital Myopia
Feng Lin, Chairman and CEO of Micro Nano Robot, a professor at the Beijing University of Aeronautics and Astronautics, shared the dilemmas involved in transforming cutting-edge technologies such as opto-mechanical and electrically controlled micro-robots, as well as targeted drug delivery systems as a scientist-entrepreneur. “Capital prefers short-term cash projects, but hard science and technology require a long-term approach.” Taking the world's smallest medical robot, developed by his team, as an example, he frankly admitted that they had only received 20 million yuan in financing over three years, whereas similar enterprises in the United States had received hundreds of millions of dollars. Feng Lin called for the establishment of a synergistic technology-capital-market mechanism and suggested that hard science and technology enterprises should 'walk on multiple legs': while developing core technologies, they should also produce intermediate products to ensure cash flow independence.
Round-table Discussion
Participating entrepreneurs and Prof. Zhou Qiren discussed the above topics, sharing their views and experiences and exploring ways in which Chinese enterprises can innovate in the current situation.