Business
16:24, 24-Mar-2017
Boao Forum: From ‘Made in Asia’ to ‘Created in Asia’
Updated
11:08, 28-Jun-2018
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By CGTN's Zou Yun
One hot topic of this year’s Boao Forum is the transition from "Made in Asia" to "Created in Asia”, and all countries in the region should be fully prepared for this trend and this move, said Zhu Min, the former deputy managing director of the International Monetary Fund.
In an interview, Zhu said the most important thing for all Asian nations is to change from pure manufacturing to a knowledge-based form of production. With regards to the question of whether or not China and other Asian countries lag behind developed nations in the West, Zhu emphasized that to some degree Chinese companies like Alibaba and Baidu are already leading in some sectors.