Qingdao SCO Summit: Shandong companies making advancements through innovation
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This year's SCO summit hasn't just brought the host city of Qingdao into the global spotlight, but the advancements being made right across Shandong Province. Indeed one inland city is drawing a lot of international attention for its innovation in hi-tech. CGTN's Natasha Hussain explains.
Haven't ever got a chance to visit Qingdao? No worries, a virtual reality tour can bring you right into the heart of China's sailing city. The experience is brought to you by Goertek, a hi-tech firm located in Weifang, a prefecture-level city about 160 kilometers northwest of Qingdao. Starting out in the loudspeaker business, the company has transformed itself into a global leader of consumer electronics, with giants such as Sony, Microsoft and Google among its clients.
CHANG GANG, VICE PRESIDENT MARKETING DEPARTMENT GOERTEK "Right now we are very dominant in the VR part, 70 percent of medium and high-end VR equipment are made by Goertek. We take advantage of the world's open market, which provides not only the market potential, accessible to the key clients, but also the platform we need to compete with world-leading companies."
This is just one success story from the city's exciting hi-tech zone, with many businesses simply "innovating" their way onto the global stage. Another example is a smaller company called Shengrui. In the past, China's auto transmission market was dominated by core technologies from overseas, that was until Shengrui developed the world's first front-engine, front-drive 8 Automatic Transmission -- or the 8AT -- just over ten years ago.
WEI YANCHAO ASS'T GM, SHENGRUI TRANSMISSION "To develop the 8AT series, we have to set up Research & Development centers in China, Germany and UK. Earlier this year, our products were on display in the Detroit Auto Show. We have also talked with India, and we hope our cooperation can continue in the future."
Shandong Province has a dozen other high-tech zones similar to the one in Weifang. And all are keen to gain greater access to the global market, and to promote the spirit of "Created in China" instead of the simplified "Made in China". CGTN.