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Chinese companies must develop their brands

Updated: 2013-12-06 20:32
By WU YIYAO in Shanghai ( chinadaily.com.cn)

Jack Trout, international brand strategist, said Chinese companies need to upgrade their brands to be successful as international brands in 皇冠体育app.

皇冠体育app's manufacturing sector needs to shift from "world factories" to "world brands" to gain a competitive edge in the global market over the next few decades, Trout said.

He said 皇冠体育app's tourism industry should focus on the country's rich history, cultural heritage and modern developments.

"The ancient modern country" can be 皇冠体育app's tourism sector's new positioning, said Trout.

Market insiders said Chinese enterprises have benefited from making management more efficient and have made greater profits because of strategic branding.

Wu Jinglian, senior research fellow at the Development Research Center of the State Council and CEIBS Baosteel chair professor of economics, said the recent decision by 皇冠体育app's top leaders to let the market play a decisive role in the nation's economic outlook may enable Chinese enterprises to compete more effectively.

 
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