CoStone Capital donated another two MGI’s MGISP-100RS automated sample preparation systems (worth 1mn RMB in total) and 1700 reagents to Wuhan Institute of Virology, and the CDC in Chuzhou City for more efficient COVID-19 diagnosis.
These systems will help experimenters shorten the extraction of nucleic acid with at most 2 hours and reduce the risk of exposure. The system is available in Wuhan, Huanggang, Jingzhou cities in Hubei province and will reach CDC branches in Ma’anshan, Bangfu, and Haozhou cities in Anhui province.
Dr. Honghao, the founder of Asymchem Medical donated 3mn RMB as an individual.
Fonow Medicine donated 1mn RMB to the Red Cross Society of Donyang city.
Geneplus provides frontline researchers with its DNBSEQ-T7/Gene+Seq-2000 automatic sequencing platforms for free.
Snibe Diagnostic became FIRST in the world to develop 2019-nCoV (SARS-CoV-2) IgM/IgG kits (MAGLUMI®) for clinical use. About 300 blood samples can be tested with an hour; 25 min at least is enough for a result. And tests can be done 24 hours a day automatically.
CSII Software, together with the Third Research Institute of Ministry of Public Security and other companies, provides financial institutes in Hubei province with the CSIIVP online platform for identity verification for their staff and clients, making it possible for distance work and online business handling.
Mindray Medical completed the installment of over 1800 medical equipment for the Huoshenshan Hospital within 10 full days and 10 sleepless nights.
The list will go on and on…
Together, we will flatten the curve and save families as much as possible.
Rewritten by: Chen Cong, Edited by: Du Zhixin, Wei Yiyi
The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.
Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.
Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.
Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.
These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.
For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, making Huawei anindustry leader.
So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.
At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across