A new blueprint for global growth

Special address by Li Keqiang, premier of the State Council of the People's Republic of China, at the ninth Annual Meeting of the New Champions, Dalian, Sept 10, 2015

It gives me great pleasure to join you in the beautiful city of Dalian in this golden autumn season of September. On behalf of the Chinese government, let me extend warm congratulations on the opening of the Annual Meeting of the New Champions. I want to welcome all guests who have traveled from afar to Dalian and I also express my sincere thanks to friends from the media.

Yesterday, I visited a local manufacturer in Dalian after I arrived. The company, which employs only 10 people, has built an impressive business in just two years' time. It has attracted 280,000 registered users through the Internet, and developed nearly 100 manufactured products. One thing it does is to develop new models for the utilization of machine tools. It has collected data on some 30,000 machine tools in northeast China, and managed to link the production of machine tools with consumers on the demand side. Their service greatly improved the utilization rate of these machine tools. More importantly, building on the wisdom of its 280,000 registered users, it has offered smart solutions for upgrading machine tools. The company has an ambitious plan - to not just upgrade the old machine tools, but also build new and smarter ones by pooling wisdom via a public platform. In fact, one could find tens of thousands of small companies like this in China, whose creativity is beyond our imagination. Whether they succeed in the end, they are all like the new champions. Through them, people see the future of our economy, and I believe they are all part of the new blueprint for growth in China and beyond.