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Lei Jun, Inspired by CN Govt Work Report, Urges to Avoid 'Involutionary' Competition
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Regarding China's government work report, Lei Jun, a deputy to the National People's Congress as well as founder and chairman of XIAOMI-W (01810.HK), shared that the work report was pragmatic and gave a clear direction for progress by emphasizing innovation and high-quality development throughout. The work report gave him, a private entrepreneur in the technology sector, amiable confidence in high-quality development. Specifically, the report called for comprehensive rectification of "involutionary" competition, which Lei fully agreed with, noting that innovation was the driving force for high-quality development, and that "involutionary" competition has to be avoided. He proposed to firmly advance towards high-end, differentiated, and personalized development, consistently adhering to the path of high-quality development. AAStocks Financial News |
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