China Business News had an interview with Víctor Cadena, Secretary General of China Mexico chamber of Commerce

China Business News had an interview with Víctor Cadena, Secretary General of China Mexico chamber of Commerce

In recent decades, Mexico has signed free trade agreements with 45 countries. Mexico hopes to strengthen the construction of industrial value-added chain, and believes that the best way to strengthen is scientific and technological innovation.

The current Mexican government attaches great importance to innovation and entrepreneurship. Immediately after taking office, President Peña of Mexico set up an institution in the Ministry of economy which is responsible for innovation and entrepreneurship. Its main functions include formulating, implementing and coordinating national policies on supporting entrepreneurship and the development of SMEs, promoting technological innovation, improving competitiveness, opening up domestic and international markets, increasing its proportion in national economic and social welfare, and promoting policies on corporate culture competition.

Mr.Guajardo, Economy Minister of Mexico said at the “2015 Mexico Industry annual meeting" that the Mexican government will take the promotion policy based on innovation as the first of its “five core industrial policies", believing that innovation is the key factor for the formation of manufacturing industry and production chain in the 21st century.

Victor Cadena, General Secretary of the Mexican chamber of Commerce in China, told the reporter of International Business News that Mexico has been committed to improving research and development. For example, in 2012, Mexico’s government spending on R & D accounted for 0.43% of its GDP, increased to 0.54% in 2014, and is planned to reach 1% in ten years. Of course, this is less than what the Chinese government has spent, but it represents Mexico’s firm belief in improving this investment. Mexico’s private sector is very dynamic, with more than 500000 professionals in the field of information technology and about 35 industrial clusters, as well as some of the most important related auto parts, aerospace industry, information technology and electronic industry.

According to Cadena, innovation is the main point of the world economy, and companies that do not invest in R & D and continue to follow the old standards are bound to lose competitiveness and efficiency. In a globalized world, where competition has no national boundaries or national differences, companies that innovate and better reshape themselves will lead the industry. Innovation not only means adding creativity or novelty to products, but also means being practical and effective for people’s quality life.

In recent years, China has vigorously supported innovation, and its investment in innovation and R & D is increasing day by day. There are some irrational comments that overestimate China’s innovation power

In response, Cadena said, there is a common misconception – Comparing China with other countries without considering the differences and characteristics of each country. China should face its own demands, favorable conditions and challenges. In other words, foreign indicators do not necessarily apply to China and vice versa.

In the past 40 years, international R & D companies have been almost occupied by enterprises in Europe, the United States and Japan, but in 2011, China exceeded Japan’s R & D expenditure, according to R & D magazine. The magazine predicts that by 2018, China is expected to exceed the total R & D expenditure of 34 EU Member States, and by 2022, China’s R & D expenditure is expected to exceed that of the United States.

“I see a clear path from the Chinese government’s support for innovation and its actions to make targeted innovation a public policy," he said. The 13th five year plan outlines innovation as one of the five concepts of national development, and innovation as one of the driving forces for China’s economic transformation and upgrading to a high value-added economy. These policies are strongly supported, and the private sector has contributed to innovation," he added. Now China is experiencing an unprecedented moment. Innovative start-ups are supported by private capital. Companies like Alibaba, Xiaomi and Tencent are just a few of them. China’s e-commerce, medical equipment, service industry and high-end manufacturing industry have all received a lot of R & D investment, so it’s no accident that these industries achieved rapid growth last year. "

According to KPMG’s China Outlook 2016 report, the analysis of economic data confirms that China is transforming from an investment intensive, export-oriented growth model to a consumption innovation driven growth model. In addition to public and private investment in R & D, according to Forbes magazine, foreign companies have invested in more than 1500 R & D centers in China. This is the complementary relationship living in the economic globalization.

“MEXCHAM supports Mexican delegation to China every month and Chinese delegation to Mexico to discuss business," said Cadena. I see the growing interest of Mexico and China in industries where innovation is a key driver, such as e-commerce, information technology and catering. I look forward to closer cooperation between Mexico and China in the short term. "

information source:China Business News

Cámara de Comercio de México en China



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