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Business / Economy

Executives survey the prospects for China's future prosperity

(China Daily) Updated: 2016-03-16 09:54

Executives survey the prospects for China's future prosperity

Huang Chenhong, President, Dell Greater China. [Photo provided to China Daily]

A1: This goes to show that the government is very serious and determined about sustaining growth at a considerable rate in the age of the new normal. It gives a comfortable feeling to all involved. Dell will continue to contribute to China's economic growth with our investment and business in this country.

A2: We are pretty bullish on China's economy and market environment in 2016. We believe that the government's 13th Five-Year Plan, the Belt and Road Initiative and the Internet Plus national strategies will bring new opportunities to the IT industry and boost Dell's growth in China.

The year 2016 also marks the 21st anniversary of Dell's entry into the Chinese market. It will be a crucial year for Dell to execute its 4.0 In China for China strategy, announced last September by CEO Michael Dell. Key initiatives of this strategy include further contributing to China's economic development through more investment, integrating into the local ecosystem and establishing strategic partnerships with local partners.

The 13th Five-Year Plan, the national strategies mentioned above and the mega-trend of digitization, bring a lot of opportunities to companies like Dell. Dell is very well-positioned in China to take advantage of these opportunities and further contribute to China's economic growth. With our future-ready IT solutions, we will help Chinese customers grow and thrive.

A3: Supply-side reform, which encourages tax cuts, entrepreneurship and deregulation, etc, will increase technological innovation and high-quality goods and services. That gives Dell ample opportunity to grow aggressively and robustly in the Chinese market. I would like to give some concrete examples of Dell's growth in China.

Dell will continue to expand and enhance its research and development team in China in further developing an R&D center for end-to-end solutions, which is specifically aimed to serve the Chinese market. In November 2015, Dell began collaborating with the Chinese Academy of Sciences to establish the "Artificial Intelligence and Advanced Computing Joint-Lab". Mr. (Michael) Dell (CEO) witnessed the signing of a strategic partnership agreement between Dell and Kingsoft Cloud in September 2015. Dell will further enhance its cooperation with local partners in the fields of big data and cloud (computing), fully supporting and embracing China's national Internet Plus strategy.

A4: The government's 13th Five-Year Plan and other policies will bring great opportunities for Dell's growth in the Chinese market. Dell is going to invest more than $125 billion in China over the next five years, contributing approximately $175 billion to imports and exports, sustaining more than 1 million jobs through the ecosystem, and demonstrating Dell's long-term commitment to China. Dell Ventures, the company's corporate VC (venture capital) arm, entered the Chinese market in November 2015, propelling the strategy of "massive entrepreneurship and innovation by all", which is the new engine for the economic development in China, and giving support to the entrepreneurship and innovation in Chinese enterprises.

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