2017年CRI Silicon Valley executives and investors confident in China's innovation drive

 

A citizen uses her cellphone to scan the QR code on a mobike in Beijing. [Photo: China Daily]

Issues connected to innovation are being actively¹ discussed by lawmakers at the annual political sessions here in Beijing, with observers suggesting the Chinese government's plan for an innovation-driven economy is something readily achievable.

Ken² Drazan, Chief Operating Officer of Silicon³ Valley-based healthcare firm Grail, believes the Chinese government's support of innovation-based industries, such as medicine, is necessary for the success of the overall health of the economy.

"I think the Chinese government recognizes that there are certain industries that are going to be necessary for local success, not just for the viability⁴ of the economy, but also for the health of people and for them to have productive and enjoyable lives," said Drazan.

He also believes Chinese government has been taking the right steps to try to re-tool the country's healthcare sector⁵.

"In order to enable those industries, they are providing regulatory process that enables those companies to thrive. And they are providing capital, making it available to new investment funds, which can then support those companies, and that directed evolution of those industries," added Drazan.

As for Silicon Valley investor⁶ Wu Jun, he believes that while the Chinese approach to developing an innovation-based economy might be different from that of the US model, the same underlying⁷ principles are still there.

"China's innovative⁸ manner and talent structure is quite different from those in Silicon Valley. But their targets are consistent, as they all want to change the world and people's lives with technology. People in China are trying to tackle some practical problems with innovation for a better life," commented Wu before citing the example of a Chinese bike sharing service company Mobike.

"The popular Mobikes in China are helping⁹ solve the urban traffic problem, because there were few people thinking about such issues in the past. And the teams are quite experienced and deep-minded. The sharing model made by them is quite effective, and some U.S. cities are learning from such an experience," added Wu.

Chinese people's enthusiasm toward innovation has made Drazan's company take interest in the Chinese market.

"There's such a massive unmet need in many different situations in China, given the scale of the country's needs that it's a huge opportunity for U.S. companies to figure out how best to support them," said Drazan.

One of the hurdles¹⁰ affecting innovation remains¹¹ a relatively¹² immature¹³ system connected to intellectual property rights.

Addressing this concern, China's Supreme¹⁴ People's Court says trials of intellectual property rights (IPR) cases are going to continue in the country.

Chinese courts at various levels dealt with some 147,000 IPR cases last year, and special courts have also been established to deal specifically with IPR disputes.

1 actively   

adv.积极地，勤奋地

参考例句：

• During this period all the students were actively participating.在这节课中所有的学生都积极参加。
• We are actively intervening to settle a quarrel.我们正在积极调解争执。

2 ken   

n.视野，知识领域

参考例句：

• Such things are beyond my ken.我可不懂这些事。
• Abstract words are beyond the ken of children.抽象的言辞超出小孩所理解的范围.

3 silicon   

n.硅(旧名矽)

参考例句：

• This company pioneered the use of silicon chip.这家公司开创了使用硅片的方法。
• A chip is a piece of silicon about the size of a postage stamp.芯片就是一枚邮票大小的硅片。

4 viability   

n.存活(能力)

参考例句：

• What is required to achieve or maintain such viability? 要达到或维持这种生存能力需要什么？
• Scientists are experimenting to find ways to ensure the viability of seeds for even longer periods of time. 正如我们所说，科学家正在试验努力寻找让种子的生命力更加延长的方法。

5 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

6 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

7 underlying   

adj.在下面的，含蓄的，潜在的

参考例句：

• The underlying theme of the novel is very serious.小说隐含的主题是十分严肃的。
• This word has its underlying meaning.这个单词有它潜在的含义。

8 innovative   

adj.革新的，新颖的，富有革新精神的

参考例句：

• Discover an innovative way of marketing.发现一个创新的营销方式。
• He was one of the most creative and innovative engineers of his generation.他是他那代人当中最富创造性与革新精神的工程师之一。

9 helping   

n.食物的一份&adj.帮助人的，辅助的

参考例句：

• The poor children regularly pony up for a second helping of my hamburger. 那些可怜的孩子们总是要求我把我的汉堡包再给他们一份。
• By doing this, they may at times be helping to restore competition. 这样一来, 他在某些时候,有助于竞争的加强。

10 hurdles   

n.障碍( hurdle的名词复数 )；跳栏；（供人或马跳跃的）栏架；跨栏赛

参考例句：

• In starting a new company, many hurdles must be crossed. 刚开办一个公司时，必须克服许多障碍。 来自《简明英汉词典》
• There are several hurdles to be got over in this project. 在这项工程中有一些困难要克服。 来自辞典例句

11 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

12 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

13 immature   

adj.未成熟的，发育未全的，未充分发展的

参考例句：

• Tony seemed very shallow and immature.托尼看起来好像很肤浅，不夠成熟。
• The birds were in immature plumage.这些鸟儿羽翅未全。

14 supreme   

adj.极度的，最重要的；至高的，最高的

参考例句：

• It was the supreme moment in his life.那是他一生中最重要的时刻。
• He handed up the indictment to the supreme court.他把起诉书送交最高法院。