Zhiwu Chen: What makes an innovative nation? -- Having human and financial capital is insufficient

With the continuous downward pressure on China’s economic growth, Zhiwu Chen urged Chinese entrepreneurs to revisit the 2008 financial crisis and its aftermath whereby U.S. companies were less affected than their Chinese counterparts. Zhiwu Chen also shared his recent observations during the study trip to China with this year’s AsiaGlobal Fellows and pointed out that choosing the right business model was a key factor for sustainable development of enterprises. This led to a more detailed discussion about business diversification versus focus.

To access the full event transcript (Chinese version), please click here.

This article first appeared in Jiemian on October 30, 2019. The views expressed in the reports featured are the author’s own and do not necessarily reflect Asia Global Institute’s editorial policy.