innovation summit 2016 is chinese innovation changing the ... · all topics and speakers are...

© 2016 The Economist Events This is a confidential draft programme for the conference mentioned in this document. All topics and speakers are indicative and subject to change.

Innovation Summit 2016

Is Chinese innovation changing the world?

September 6th 2016 • JW Marriott Hotel• Hong Kong

Until recently, China was considered an innovation absorber, simply copying ideas from

elsewhere to roll out to local and foreign markets. The gloss has recently come off China’s

miracle economy, yet there are plenty of reasons to be hopeful as well. Today, Chinese firms

are recognised as innovators on the world stage. Alibaba, Tencent and DJI are at the top of

the corporate tree and making headlines along with Apple, Google and Uber.

The most successful Chinese entrepreneurs have adopted a global outlook. They have

bolstered their innovative capabilities by collaborating with and acquiring international firms.

Many of China’s leading innovators are placing their research and development facilities in

talent and innovation hubs like Silicon Valley. Likewise, Western companies are doing R&D in

China, not just to tap into the country’s manufacturing capabilities but also to innovate

inside China and bring the results to the rest of the world. Some Western companies are

beginning to adopt uniquely Chinese business models and innovation methods to

accelerate their innovation and commercialisation processes. The question is no longer

whether China can innovate, but what the rest of the world can learn from the ways it does

so.

Yet, critics argue that institutional barriers to innovation, including internet censorship and

weak intellectual property protections, restrain China’s innovators and entrepreneurs. The

private sector also faces competition from lumbering state-owned enterprises, which divert

resources from more productive businesses. China’s president, Xi Jinping, wants to turn China

into an innovation-driven economy by 2020. But can government-mandated innovation in a

complex, partially closed economy save China’s growth prospects?

There are two Chinas: the one whose rickety stock-market and state-led growth model

dominate headlines and the one whose dynamic entrepreneurs might just transform the

world economy. Which China will come out on top? The Innovation Summit 2016 will bring

together C-suite executives, entrepreneurs and critical thinkers from China and the

surrounding region to discuss what lessons the world’s great innovators can offer China, and

what ideas and insights it can share in return.

Chairmen

Tom Standage, deputy editor, The Economist

Vijay V Vaitheeswaran, China business editor and Shanghai bureau chief, The Economist


DRAFT PROGRAMME

8.00am Registration and refreshments

8.30am Conference vision

Introduction from the chairmen on the background, vision and

objectives of the Innovation Summit.


9.00am Briefing: China’s innovation economy

China’s old economic workhorses are losing pace. These days, labour-

force expansion and heavy capital investment lead to overcapacity,

debt and waning productivity.

China’s industrial sector barely grew in 2015, while the services sector

saw stellar growth of 11.9%. The Chinese government wants to

recalibrate the economy away from export-oriented manufacturing

and toward consumption and services. But while a service-heavy

economy may improve productivity inside China, will it shave even more

from the global economy as Chinese demand for commodities slows?

Despite all the gloom, can China maintain its crucial role as the

engine room of the global economy?

How do economic trends affect creativity? Will a productivity

push drive incremental innovation at the expense of big

breakthroughs?

Will China’s rocky capital markets make it harder to attract

investors to budding start-ups?

Will the government’s new five-year plan set the right incentives

for innovation, or will it hobble the country’s innovation impetus?

Speaker

Cheng Manjiang, chief economist, BOCI and chief executive officer,

BOCI Research

Moderator


9.30am Keynote panel: Has Chinese innovation leapfrogged the rest?

From the “freemium” model of monetising video games to managed-

scarcity marketing techniques, Chinese business model innovations are

also being adopted by Western firms. This is most visible in mobile

commerce, where China leads the world. Alipay’s transaction volume is

more than double Amazon’s. Tencent’s novel way of monetising access

to services in its WeChat app has set a high bar for social-network

competitors like Snapchat and Facebook Messenger. A uniquely

Chinese style of rapid prototyping and commodification, sometimes

known as “Xiaomisation”, has accelerated the timeframe it takes to


innovate to scale.

At the same time, China’s top tech firms are setting up listening posts in

Silicon Valley. Baidu, Alibaba, Tencent, Huawei and DJI tap into talent

and resources from California by locating research and development

centres there to channel ideas back home. Some of the Chinese

venture capitalists surging to the West Coast are after notoriety,

grabbing headlines by making deals with tech superstars like Uber and

Facebook. Some favour of a more collaborative approach where

Chinese and Western firms work together to create value in global

markets. Others simply want to diversify their portfolios and prove their

investment mettle on the global stage.

Can Chinese firms cut it in mature overseas markets?

What are Chinese firms bringing home from abroad, and what

are they leaving behind?

What can China’s global entrepreneurs teach others with

overseas ambitions?

Speakers

Paul Nunes, global managing director, Accenture Institute for High

Performance

Jenny Wenjie Wu, chief strategy officer, Ctrip

Ken Wilcox, chairman, Silicon Valley Bank

Moderator

Vijay V Vaitheeswaran, China business editor and Shanghai bureau

chief, The Economist

10.15am In conversation with Victor Fung

Victor Fung, group chairman, Fung Group

Moderator



10.35am Networking break

11.05am China: Global innovation hub?

Western companies have changed the way they innovate in China.

Rather than taking pre-made ideas to China to be manufactured for

mass markets, some of the world’s biggest names in innovation are

looking to develop new ideas from within the country. BP, AstraZeneca,

Johnson & Johnson, GlaxoSmithKline and Medtronic are among the

estimated one-third of foreign companies that have set up R&D centres

in China to create products for global markets.

How are Western companies learning from the way Chinese firms

innovate?

Will foreign tech giants like Apple and Uber have to localise their


e-commerce strategies to crack China’s competitive market?

How can overseas firms tap into the accelerated innovation that

has become the norm in China?

Is China emerging as a true global hub for multinational

innovation?

Speakers

Markus Steilemann, board member for innovation, Covestro

Nisa Leung, managing partner, Qiming Venture Partners

Moderator


11.45am In conversation with Kathy Xu

Kathy Xu, founder and managing partner, Capital Today

Moderator


12.05pm Sizzle session: Shenzhen and Hong Kong—The hardware innovation

capital of the world?

Together, Hong Kong and Shenzhen make a world-class innovation

ecosystem. With thousands of computer hardware manufacturers

turning out prototypes faster and cheaper than elsewhere, Shenzhen

has become the leader in iterative hardware innovation. Hong Kong

provides the talent and funds while Shenzhen builds the ideas and pivots

them toward mainland markets. Some of China’s biggest successes

have emerged from the region, which is now host to a new generation

of start-ups and investors.

In a series of lively conversations, we’ll hear from some of Shenzhen’s

home-grown innovation leaders about the ways this dynamic cluster has

contributed to their success.

Speaker

Cyril Ebersweiler, founder and managing director, HAX

Moderator



12.40pm Networking lunch

1.50pm Measuring innovation: What’s in a ranking?

For every definition of innovation, there is a corresponding measure of its

value and utility. Innovation prizes and rankings abound. Companies,

cities and even countries are ranked for their innovation prowess by a

multitude of consultancies, NGOs and media organisations, each with its

own particular innovation pecking order.


What use are these economic beauty pageants? Are they simply

opportunistic money-spinners or unimaginative public relations

campaigns? What does the fondness for running innovation league

tables tell us about the arbiters of innovation fashion?

In this presentation, we'll debunk innovation rankings and find out

whether they are more than a corporate popularity contest.

Speaker

Bhaskar Chakravorti, senior associate dean of international business,

Tufts University

Moderator



2.10pm The clash of ideologies: Does government-led innovation work?

Chinese premier Li Keqiang speaks widely of his government’s plans to

usher in reforms that will promote mass entrepreneurship and innovation.

To date, government incentives to increase innovation have led to an

explosion in patent applications and enormous spending on science

and technology. But critics argue that while China may have made

significant leaps in economic growth in recent decades, unnecessary

barriers to innovation continue to stifle its miracle economy. Innovators

would benefit from more transparency in institutions, corporate

governance and intellectual-property protections. China’s state-owned

enterprises (SOEs) have risk-averse management styles that hold back

progress and creativity. And China’s “Great Firewall” censors access to

global websites, hampering innovation and efficiency.

Government-directed innovation laid the groundwork for Silicon Valley

in the 1970s, yet in the West current tastes favour open, collaborative

and more democratic ways of innovating. Can a top-down, centrally

planned approach to innovation still be useful today?

How can central planners intervene to spur innovation-led

growth without negative consequences?

Some wicked problems - social, environmental and blue sky -

lack the market incentives to fund their solutions. Will there

always be a role for government in innovation?

As the tech sector grows in strategic importance for China, is it at

risk of increased government intervention? Have China’s online giants flourished in spite of the “China

intranet”, or because of it?

Speakers

Jason Pontin, editor-in-chief and publisher, MIT Technology Review and

chairman, MIT Enterprise Forum Global

Helen Wang, author, The Chinese Dream

Moderator



2.50pm In conversation with Ya-Qin Zhang

Ya-Qin Zhang, president, Baidu

Moderator



3.10pm Networking break

3.40pm Panel discussion: China’s new breed of entrepreneurs

China has a new generation of entrepreneurs. More comfortable with

the risky culture of start-ups than their parents, young businesspeople are

building momentum in an entrepreneurial scene that is at its most

vibrant on the country’s east coast. Venture capitalists pumped an

estimated $15.5 billion into Chinese start-ups in 2015, and the expansive

consumer market has created a new herd of Chinese “unicorns”,

private firms valued at more than $1 billion.

Chinese millennials have grown up in relative comfort, compared to the

previous generation. Living in a strong, reforming economy has given

them the confidence to strike out on their own, take risks and try new

ideas. Hungry to make their mark on the world, they are starting

businesses early in their lives.

But critics argue that China’s entrepreneurial class lacks diversity, which

will hamper creativity and new ideas. The Chinese education system,

like many in Asia, emphasises rote learning at the expense of the critical

and creative thinking skills that breed innovation. Can China realistically

place its aspirations for growth on the shoulders of this new set of

entrepreneurial hopefuls?

What should policymakers do to prepare today’s students to

become the innovators of tomorrow?

How will doing business in China change in the coming

decades?

How do China’s accelerators and incubators differ from those

found elsewhere?

Who will be the next Jack Ma, Elon Musk or Narayana Murthy?

Which Chinese entrepreneurs will be the world’s future start-up

superstars?

Speakers

David Chao, co-founder and general partner, DCM

Greg Gibb, chairman and chief executive officer, LUFAX

Anna Fang, partner and chief executive officer, ZhenFund

Moderator


4.15pm The Economist debates: Can innovation save China’s economy?


China’s innovation performance is mixed, according to the McKinsey

Global Institute. The country does well on consumer-facing and

efficiency-driven breakthroughs, but lags in science and technology.

Invoking the mantra of innovation will not bring it into existence. Is too

much faith being placed in innovation as the great hope that will save

China’s slowing economy?

Motion to debate: Only innovation can save China's economy.

For the motion: Jonathan Woetzel, director, McKinsey Global Institute

Moderator



4.55pm Chairman’s closing remarks



5.00pm End of conference


2016 创新峰会

中国的创新是否正在改变世界

2016 年 9 月 6 日•香港 JW 万豪酒店

在过去很长一段时间里，中国企业被认作创新的吸收方，它们单纯参照国外的想法大量炮制

产品销往国内外，但是这一形象最近在发生转变。尽管中国的奇迹经济日渐褪色，但是创新

企业的崛起带来了新希望。阿里巴巴、腾讯和大疆创新等中国企业屹立于企业生态树顶端，

它们是世界舞台上公认的创新者，和苹果、谷歌、Uber 等世界科技巨头抢占新闻头条。

中国最成功的企业家以世界性的视角看问题。他们通过促使企业和国际公司合作或者收购这

些公司来增强创新能力，他们还在硅谷等人才和创新聚集地建立研发中心。西方企业也在中

国进行研发，在利用中国的制造能力之余，它们还希望在中国进行创新然后把成果推向世

界。一些西方企业甚至开始采用中国的商业模式和创新方法从而推进自身的创新和商业化进

程。中国的创新能力已毋庸置疑，现在问题变成外国企业能从中国的创新途径中学到什么。

然而，批评人士指责互联网审查制度和知识产权保护缺失等体制性障碍阻碍了创新的发展。

同时，私营部门受到来自国有企业的竞争，这些国有企业体系庞杂、发展缓慢，它们抢占了

生产力更高的企业的资源。中国国家主席习近平计划到 2020 年使中国进入创新型国家行列。

但是在这个复杂、部分封闭的经济体里政府指导的创新能挽救中国的增长前景吗？

中国经济存在两面性：一方面，其根基尚浅的股市和国家引导的增长模式常常抢占头条，另

一方面，其充满活力的企业家或将转变世界经济。2016 创新峰会汇聚来自中国及其周边地区

的最高管理层、企业家和评论家，他们将共同探讨中国能从世界伟大创新人士身上获得的借

鉴以及这些人士能从中国获得的想法和见解。

会议主席

《经济学人》副主编，汤姆·斯丹迪奇

《经济学人》中国经济栏总编辑兼上海总编辑，范思杰


议程初稿

8.00am 签到及茶点

8.30am 会议愿景

会议主席介绍本届创新峰会的背景、愿景和目标。

汤姆·斯丹迪奇，《经济学人》副主编

9.00am 简报：中国的创新经济

中国的旧经济模式已跟不上时代的步伐。当前，劳动力扩张和庞大的资本

投资额导致产能过剩、债务上升和生产力减弱。

2015 年，中国的工业部门仅实现微幅增长，而服务部门却猛增 11.9%。

中国政府希望其经济实现从以出口主导的制造业为主向消费和服务业转

型。随着服务业占比增大，中国的内部生产力或将提升，然而在中国商品

需求减少的背景下，新增的生产力能从世界经济中攫取更大的需求份额

吗？

在存在众多悲观因素的大环境下，中国能维持其作为全球经济引

擎的重要角色吗？

经济趋势如何影响创造力？提高生产力的举措在推动渐增式创新

的同时会妨碍重大突破的产生吗？

有意注资中国初创公司的投资者会因为中国资本市场不稳定而望

而却步吗？

中国政府最新的五年规划将激励还是减损中国的创新动力？

演讲嘉宾

程漫江，中银国际首席经济学家兼中银国际研究公司首席执行官

主持人



9.30am 主旨讨论：中国的创新是否已经超越外国

从视频游戏货币化中的“免费增值”模式到控制性缺乏市场营销策略，西

方公司也开始采用中国的创新商业模式，该趋势在移动商务这一中国领先

世界的领域表现最为明显。譬如：支付宝的交易量逾亚马逊的两倍、微信

使服务货币化的新奇想法给 Snapchat 和 Facebook Messenger 等竞争

对手设置了高门槛。中国特色的快速建模和商品化模型“小米化”缩短了

创新规模化的时长。

与此同时，百度、阿里巴巴、腾讯、华为和大疆创新等中国顶尖技术公司

在硅谷设立“情报站”。它们通过这些研发中心获取人才和资源，把创新

想法传送回国。在涌向美国西海岸的中国风险资本家中，部分人热衷于追

随名声，它们通过和 Uber 及 Facebook 等技术界巨星交易迅速抢占头

条。部分人则偏重合作，它们偏好中国企业和西方企业合作的项目，这些

项目通过合作在全球市场中创造价值。还有部分人仅仅是为了使投资组合

多样化，以及在世界舞台上展示投资魄力。

中国企业能在成熟的海外市场中获得一席之地吗？

中国企业从海外带回了什么？它们又给当地留下了什么？

有意进军海外市场的人士能从中国的全球企业家身上学到什么？

演讲嘉宾

保罗·纽恩斯（Paul Nunes），埃森哲卓越绩效研究院全球执行总监

武文洁，携程旅行网首席战略官

魏高思（Ken Wilcox），硅谷银行主席

主持人

范思杰，《经济学人》中国经济栏总编辑兼上海总编辑

10.15am 与冯国经对话

演讲嘉宾

冯国经，冯氏集团集团主席

主持人



10.35am 社交茶歇

11.05am 中国：全球创新中心？

在过去，中国只是西方公司的“制造工厂”，为它们把预先制定好的想法

转变为面向大众市场的商品，但是这一观念已经发生转变。如今，一些世

界级创新公司寻求在中国发展新想法。据估计，有 1/3 的外国公司在中国

建立了研发中心，其中包括英国石油公司、阿斯利康制药公司、强生公

司、葛兰素史克制药公司和美敦力公司等，这些中心意在创造面向全球市

场的产品。

西方企业能从中国企业的创新方式中学到什么？

面对中国市场的强烈竞争，苹果和 Uber 等外国技术巨头会被迫本

地化其电子商务策略吗？

加速创新已成为中国的常态，海外企业要如何挖掘其中的利益？

中国正立足成为真正的多国创新中心吗？

演讲嘉宾

施乐文（Markus Steilemann），科思创董事会成员（创新事务）

梁颖宇，启明创投主管合伙人

主持人


11.45am 与徐新对话

演讲嘉宾

徐新，今日资本总裁兼管理合伙人

主持人


12.05pm 热点会话：深圳和香港—世界硬件创新之都？


深圳和香港联手打造世界级创新生态系统。深圳拥有数千家电脑硬件制造

商，它们生产样机的速度快于其它地区的企业、生产成本也相对较低。香

港负责提供人才和资金，深圳则负责构建想法然后把产品输往内地市场。

在孕育了中国极具影响力的部分创新公司后，初创企业和投资者。

在一系列热烈会话中，多位土生土长的深圳创新领导者将谈论深港动态集

聚为他们的成功作出的贡献。

演讲嘉宾

Cyril Ebersweiler， HAX 创始人兼董事总经理

主持人


12.40pm 社交午宴

1.50pm 衡量创新：排行榜代表什么？

任何一项创新定义都有其独特的价值和效用衡量标准，创新奖项和排行榜

不胜枚举。咨询公司、民间组织和媒体机构热衷于对公司、城市甚至是国

家的创新能力进行排名，结果各具特色。

这些经济选美有什么作用？它们只是机会主义赚钱工具或者乏味的公共关

系运动吗？创新权威人士对创新排行榜的热爱反映了他们怎样的心理？

在此座谈会中，我们将对排行榜进行解密，探讨它们除了企业人气竞争之

外的其它身份。

演讲嘉宾

巴斯卡‧查克勒佛提 (Bhaskar Chakravorti)，塔夫茨大学国际商业和金融

资深副院长

主持人



2.10pm 意识形态碰撞：政府领导的创新行得通吗？

在谈及中国政府为推进大众企业家精神和创新而开展的改革时，国家总理

李克强表示该计划涵盖广泛。

当前，得益于政府推动创新的激励制度，中国的专利申请量和科技开支暴

增。但是批评人士指出，尽管中国经济在过去几十年里实现跳跃式增长，

但是该奇迹经济持续受到不必要的创新障碍的遏制。若机构、企业管理和

知识产权保护透明度得到提升，那么创新人士将获得更大利益。中国国有

企业（SOEs）规避风险的管理风格抑制了进步和创造性，中国控制网民浏

览外国网站的“防火墙”审查制度束缚了创新和效率。

上世纪 70 年代，政府指导的创新为硅谷打下基础，但是西方国家如今偏向

开放、合作和更加民主的创新模式。从上至下、由中央规划的创新模式放

在今天还行得通吗？

中央计划者该怎样在规避消极后果的前提下推进创新领导的增长？

解决社会、环境和空气质量等棘手问题的激励制度缺失导致市场注

资动力不足。这意味着政府将持续在创新方面发挥作用吗？

随着技术部门的战略意义提升，中国政府的干预力度会相应增强

吗？

“中国内联网”束缚还是推动了中国网络巨头的发展？

演讲嘉宾

杰森·旁汀 (Jason Pontin)，《麻省理工科技评论》主编兼出版人，麻省理

工企业论坛主席

王海伦（Helen Wang），《中国梦》作者

主持人


2.50pm 与张亚勤对话

演讲嘉宾

张亚勤，百度总裁


主持人


3.10pm 社交茶歇

3.40pm 小组讨论：中国新一代的企业家

当前，新一代企业家在中国涌现。这些年轻的商人比其父辈更乐于接受初

创企业的风险，他们在中国东部沿岸发光发热，为蓬勃发展的企业家精神

积攒动力。2015 年，中国初创企业接收的风险投资资金达 155 亿美元。

昂贵的消费者市场同时新创了一群中国“独角兽”，这些私营企业的估值

逾 10 亿美元。

相比起他们的父辈，在世纪之交成长的中国年轻人享受相对优越的环境。

得益于改革开放创造的强劲经济，这些年轻人有胆识闯一番事业、承担风

险和尝试新想法。他们早早创立自己的公司，迫切希望做出成绩。

但是批评人士指责中国的企业家阶级缺乏多样性，认为这将限制创造力和

新想法。和许多亚洲国家一样，中国的教育体系偏重死记硬背式的学习，

扼杀了培育创新的批判性和创新思维技巧。中国能把发展的重任放在新一

代企业家肩上吗？这是否符合实际？

为把今天的学生培养成明天的创新者，政策制定者应该怎么做？

在未来几十年里，中国的经商模式将发生怎样的转变？

中国的发展加速器和孵化器和其它国家的有什么区别？

谁将成为下一个马云、伊隆·马斯克或者纳拉亚纳·穆尔蒂？哪些中国

企业家将成为未来的世界级初创巨星？

演讲嘉宾

赵克仁 DCM 联合创始人兼合伙人

计葵生（Greg Gibb）陆金所董事长兼首席执行官

方爱之真格基金合伙人兼首席执行官

主持人



4.15pm 经济学人辩论：创新能拯救中国经济吗？

麦肯锡全球研究所指出，中国各方面的创新表现成绩不一。在面向消费者

和效率驱动的突破方面中国表现良好，但是在科技方面其成绩落后。创新

需要通过实践才能实现。创新有望拯救中国经济增速放缓的现状，但是其

肩负的期望是否过高？

辩论动议：只有创新能拯救中国经济。

支持动议：

纳森·沃泽尔（Jonathan Woetzel），麦肯锡全球研究院董事

主持人


4.55pm 会议主席发表闭幕致辞


5.00pm 峰会结束

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