Chinese businesses see technology investment as the way to hedge against risks

Chinese businesses see technology investment as the way to hedge against current trade and policy risks – that was the consensus from CEOs attending the recent annual China Enterprises Summit in Jiangyin City, east China's Jiangsu Province.

The pulse of the real economy is humming. Profits are picking up pace thanks to faster production and supply side reforms, but the corporate sector is not being complacent.

Huaxi Villge, known as China's No.1 village, which used to be heavily steel-dependent, has shut down nine plants in the past few years and is investing in display technology, financial services. Wu Xie’en, the Party chief of Huaxi, said that they “started reforms on HR (and) organization structure to revitalize the company.”