Chinese entrepreneurs must be bold and innovate

Editor's Note: Now China is bidding farewell to its economies of scale, Chinese entrepreneurs must get rid of their dependence on market size and macro policies, and take the initiative to innovate and be bold. 21st Century Business Herald comments:

Since China launched its reform and opening-up in the late 1970s, the country has produced three generations of entrepreneurs - those from the workers and farmers in the 1980s, civil servants who quit their jobs, retired soldiers and some intellectuals in the 1990s, and returnees from abroad in the 21st century.

But they have all lacked global vision, and have on the whole mostly been content with cultivating their businesses at home, as the more than 40 years of remarkable growth of the Chinese economy has instilled a misperception in their minds that, given the potential of the Chinese economy and market, simply enlarging their business scale in their respective fields is enough to ensure the sustainable development of their business while helping them avoid risks.