Li Dongsheng: TCL Technology responds to global challenges with innovation and change, injecting new impetus into the world economy

2023-08-10 15:45 0

/PRCWT/Guangzhou, August 10, 2023——The 2023 Summer Davos Forum has successfully concluded. The theme of the forum is "Entrepreneurship: Driving Force of the World Economy". In the context of the global economic recovery, business can play a key role in economic growth. So entrepreneurs should actively steer the world economy toward a more equitable, sustainable, and resilient future.

As a representative of China's science and technology manufacturing industry, Li Dongsheng, founder and chairman of TCL, not only delivered a keynote speech entitled "Enterprise Development Path under Chinese Modernization" at the parallel forum of "TCL Night in 2023 Summer Davos". He said: "Enterprises in the new development pattern to strengthen the global production layout, with a new model of globalization to truly implement and reflect the 'domestic and international double cycle of mutual promotion', can continue to respond to the changes in the global economic pattern and new trade protectionism challenges, to achieve high-quality development."

Also in line with the theme of the Forum, during the event, he published a signed article "Entrepreneurial resilience to inject new impetus into the World Economy" on the official website of the World Economic Forum, sharing three personal thoughts: First, focus on local value creation to promote globalization; The second is to drive the sustainable development of global economy through green strategy; Third, entrepreneurial resilience should lead the exploration of a new model of globalization and inject new impetus into the world economy.

The prosperity of international trade has brought opportunities for the world economy to flourish. Globalization has promoted the efficient global allocation of production factors, produced good and affordable goods, brought benefits to consumers around the world, and has been regarded as the most efficient economic development model in the past decades. However, the imbalance of regional industries and interests caused by globalization makes the anti-globalization sentiment rise year by year. Therefore, it is necessary to explore new global production models to cope with the current situation.

Li Dongsheng, founder and chairman of TCL, summarized the new development ideas from TCL's 24 years of global operation and development. It is proposed to promote globalization by localization and contribute to local economic and social development. Implementation into action is mainly divided into three points:

1. Integrate into the local area and contribute to the local economic and social development

2. Export industrial capacity to empower the local industrial chain

3. Build industrial ecology, and work with global partners to promote industrial innovation and upgrading

In addition, the road to green development of enterprises has become imminent. The climate crisis is a crisis for all mankind, and actively responding to the climate crisis is a global consensus. It has become a global practice for governments and international organizations to provide top-level design, and for enterprises to design and implement emission reduction plans.

Li Dongsheng, founder and chairman of TCL, said that the manufacturing industry is one of the important sources of global greenhouse gas emissions, and the total annual emissions are very large, so the task of reducing emissions must be the problem that the manufacturing industry will face. At the same time, the layout of green industries is also a key measure to practice green development. Build a green industry chain, and help member enterprises and the upstream and downstream of the industry chain to improve the level of green development. In 2021, TCL Technology successfully landed the country's first "green carbon link" business of supply chain finance based on enterprise low-carbon evaluation, promoting ecological partners to be more motivated to carry out energy conservation and emission reduction transformation.

Finally, the theme of this Summer Davos is entrepreneurship. Li Dongsheng said: In the face of market uncertainties and changes, it is important not only to find the best solution under the given conditions, but also to adapt to The Times, innovation and change, to change the constraints to seek better solutions, and to contribute to economic development with the resilience and innovative spirit of entrepreneurs.

To this end, he also gave his own experience of entrepreneurship: first of all, entrepreneurs must have a big pattern view, strategic foresight ability and long-term doctrine, to see correctly, in order to go steadily; Secondly, we should respond to the challenges of globalization with creative thinking. Finally, as an entrepreneur, we must have responsibility and perseverance to lead the enterprise to break through the siege.

Source: Corporate press release
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