Glass producer pins hopes on high-tech for business growth

Cao Dewang, founder and chairman of the Fuyao Glass Industry Group Co Ltd, said an economy based on manufacturing, with a high-tech focus, makes the most sense.

Cao said such an economy is more sustainable, in a speech he delivered to international college students from the University of Cincinnati on Friday.

"I'll never forget my initial vision of only doing one thing well - making automotive glass. It took 35 years to get here. I began working (for Fuyao) as a salesperson. The history of Fuyao is my history. Today, we are the largest auto glass maker in the world," Cao said.