Corporate leaders praise China's entrepreneurial spirit

Innovation is the key to success for China's young entrepreneurs, some of the biggest names in the global business world told an informal meeting in Beijing this week.

The heads of 18 leading multinational corporations praised the creativity that is flowing through the country's booming technology sector at a get-together in the Zhongguancun InnoWay area of the capital.

Chief executive officers, including Daimler AG's Dieter Zetsche, Schneider Electric SA's Jean-Pascal Tricoire and Dow Chemical's Andrew Liveris, talked openly about the challenges ahead and the "spirit of boldness".