Professor Li Xinchun: Globalization is the only way to become a hidden champion

Recently, Professor Li Xinchun of the School of Business, Sun Yat-Sen University accepted an exclusive interview with newsgd.com, suggesting that the SMEs in Nanhai, Foshan, should take the development strategy of "specialization, refinement and novelty" to promote the transformation and upgrading of industrial clusters.

Professor Li Xinchun believes that cultivating "little giants" of specialization, refinement and novelty and hidden champion enterprises is a very important development strategy for promoting SMEs, which can bring about major changes in the industrial clusters and the entire industrial structure in the South China Sea, that is, transformation and upgrading. The transformation and upgrading of traditional industries combined with the development of new economy will reshape new competitiveness and competitive advantages for the South China Sea.

At the same time, Professor Li Xinchun believes that globalization is the only way for enterprises to become hidden champions. However, enterprises must abandon the traditional thinking of globalization in the past. Instead of simply relocating to lower-cost countries and regions, enterprises should improve their innovation ability with the help of global technology, capital and talent resources.