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China, SMEs and the challenge of growth 2.0

If the internet enables global growth based on productivity, innovation and consumption, Chinese government and institutions will have to face the challenges posed by the web – According to McKinsey & Company, new internet applications could account for up to 22% of labor productivity growth in China by 2025.

China, SMEs and the challenge of growth 2.0

Since le single companies adopt web technologies, they acquire la capacity of rationalize all processes, from product development alla supply management chain and sales, marketing and customer interactions. the China e SMEs, a major digitization offers the opportunity to increase labor productivity, develop new forms of collaboration and expand the scope from the-trade. According to what published by McKinsey & Company, le new applications of the Internet they might represent until 22% of growth of productivity of work in China by 2025. The internet is not just a tool for automation and efficiency of firm performance. It it makes possible the very expansion of markets. A greater adoption of web technologies in China could lead to introduction di entirely new products if government and industry take the right steps to maximize the potential, translating come on 4.000 to 14.000 billion of renminbi in annual GDP in ten years.

The EFSA and ECDC's One Health report by McKinsey particularly focuses on a series of key sectors of the Chinese economy is they are already starting at undergo radical changes. As for theConsumer electronics, for example, the critical factors will growth of the connected devices (see for example appliances and Internet TV) and contents same gods online media. While a market noascent how's that of used cars ha huge spaces of growth if fed via e-trade. Le chemical enterprises they can use Internet for improve their own capacity of R & D, enabling collaboration with customers and experts external. in services financial, online funds and markets they have already started to emerge, as well as in the building trade market. E even in healthcare sector, web tools-based as electronic health records e systems decision support can raise the quality of care playing a key role in making the system plus efficient and economical.

The increase in digitization it is forcing businesses of all sectors to rethink your own operations and become more customer-centric. On the other hand, theandindustry they will have to face la increasing talent shortage, where larger companies dimensions they will be able to overcome this need by doing acquisitions targeted of businesses technological.

Da un political point of view, to support the country's economic growth the Chinese Government must also face le multiple challenges launched by the web. Build networks and infrastructure then it becomes essential for bring the most of the population ad adoption of the new ones uses. All this, if on the one hand He can have un impact neutral or slightly positive about number total di jobscould represent an effect more evident on the composition of the labor market, with a marked increase deworkers with digital skills. Government e industry can allora to ease this dislocation ensuring that the training programs are available updating continuously the skills of the workers. Institutions could also adapt the school programs to digital literacy by creating a real primary pool of training professional.

Beyond the measures that will actually be taken, Internet allow globally based growth on productivity, innovation and consumption. Iwill intensify the competition, allowing at businesses more efficient to compete successfully. The move between sectors key to the economy will put some risks, ma ultimately can support the goal of China to create a model of growth planet.

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