Hidden champions

Hidden Champions among Chengdu's Technology Companies

Friday, April 30, 2021 - 12:00pm

A number of technology enterprises from Chengdu showed up with their innovative achievements and cutting-edge technologies.

Key Points: 
  • A number of technology enterprises from Chengdu showed up with their innovative achievements and cutting-edge technologies.
  • These companies are lesser-known companies - relatively unknown, small or midsize, and worldwide leaders in their markets.\nYou may see them grow slowly, compete in stable markets, and prefer to shun publicity to avoid attracting competition.
  • They also concentrate on developing their own specialties, avoiding such currently popular management practices as diversification, strategic alliances, and outsourcing.
  • Though not well known to the general public, in their fields of expertise, they are known as the "hidden champions.

Christine Lagarde: The coronavirus crisis and SMEs

Tuesday, March 2, 2021 - 12:04am

Speech by Christine Lagarde, President of the ECB, at the “Jahresimpuls Mittelstand 2021” of Bundesverband Mittelständische WirtschaftAt the ECB we care deeply about connecting with small and medium-sized enterprises (SMEs), since they are the foundation of the European economy.

Key Points: 

Speech by Christine Lagarde, President of the ECB, at the “Jahresimpuls Mittelstand 2021” of Bundesverband Mittelständische Wirtschaft

    • At the ECB we care deeply about connecting with small and medium-sized enterprises (SMEs), since they are the foundation of the European economy.
    • SMEs make up 99.8% of all non-financial companies in the EU, provide 66.6% of jobs and generate 56.4% of added value.
    • [1] It is decisions by companies like yours to invest, hire and innovate that put the European economy on a path to growth.
    • But in Germany, being part of the Mittelstand hasa special quality that is about much more than the firms size.
    • As Ludwig Erhard said, what defines the Mittelstand is eine Gesinnung und eine Haltung[2], how one acts and behaves in society.
    • Of the 2,700 hidden champions worldwide SMEs that are leaders in niche markets almost half are part of the German Mittelstand.
    • The Mittelstand was central to the countrys Wirtschaftswunder after the Second World War.
    • And, when we rebound from the shock of the pandemic, the Mittelstand will have to be one of the drivers once again.
    • Its effects have hit activity extremely hard, with GDP falling by 6.8% in the euro area last year and 5% in Germany.
    • For now, however, the pandemic is still weighing heavily on our economies, and especially on firms in the services sector.
    • In this setting, it is crucial that the bridge for SMEs remains in place for as long as needed.
    • And this, in turn, is the best contribution we can make to delivering on our mandate of price stability.

Christine Lagarde: The coronavirus crisis and SMEs

Tuesday, March 2, 2021 - 12:01am

Speech by Christine Lagarde, President of the ECB, at the “Jahresimpuls Mittelstand 2021” of Bundesverband Mittelständische WirtschaftAt the ECB we care deeply about connecting with small and medium-sized enterprises (SMEs), since they are the foundation of the European economy.

Key Points: 

Speech by Christine Lagarde, President of the ECB, at the “Jahresimpuls Mittelstand 2021” of Bundesverband Mittelständische Wirtschaft

    • At the ECB we care deeply about connecting with small and medium-sized enterprises (SMEs), since they are the foundation of the European economy.
    • SMEs make up 99.8% of all non-financial companies in the EU, provide 66.6% of jobs and generate 56.4% of added value.
    • [1] It is decisions by companies like yours to invest, hire and innovate that put the European economy on a path to growth.
    • But in Germany, being part of the Mittelstand hasa special quality that is about much more than the firms size.
    • As Ludwig Erhard said, what defines the Mittelstand is eine Gesinnung und eine Haltung[2], how one acts and behaves in society.
    • Of the 2,700 hidden champions worldwide SMEs that are leaders in niche markets almost half are part of the German Mittelstand.
    • The Mittelstand was central to the countrys Wirtschaftswunder after the Second World War.
    • And, when we rebound from the shock of the pandemic, the Mittelstand will have to be one of the drivers once again.
    • Its effects have hit activity extremely hard, with GDP falling by 6.8% in the euro area last year and 5% in Germany.
    • For now, however, the pandemic is still weighing heavily on our economies, and especially on firms in the services sector.
    • In this setting, it is crucial that the bridge for SMEs remains in place for as long as needed.
    • And this, in turn, is the best contribution we can make to delivering on our mandate of price stability.

Xinhua Silk Road: China strives to nurture more hidden champion enterprises to quicken SMEs development

Friday, November 8, 2019 - 7:39am

BEIJING, Nov. 8, 2019 /PRNewswire/ -- China has sought to nurture more hidden champion enterprises in a bid to push forward the development of small and medium-sized enterprises (SMEs), according to the Hidden Champions Development Summit held on Thursday during the second China International Import Expo (CIIE) in east China's Shanghai.

Key Points: 
  • BEIJING, Nov. 8, 2019 /PRNewswire/ -- China has sought to nurture more hidden champion enterprises in a bid to push forward the development of small and medium-sized enterprises (SMEs), according to the Hidden Champions Development Summit held on Thursday during the second China International Import Expo (CIIE) in east China's Shanghai.
  • Hermann noted that although China's hidden champion enterprises are still in their infancy, their development momentum is rapid, especially in the field of R&D, thanks to abundant capital supports.
  • Liu Zhengrong, vice president of Xinhua News Agency, pointed out that hidden champion enterprises play a very important role in cultivating new growth drivers and achieving high-quality economic development.
  • At the forum, a program of looking for hidden champion enterprises in China was launched jointly by the China Economic Information Service (CEIS) of Xinhua News Agency and the Development Research Center of the SAMR, with the aim to support development and growth of the hidden champion enterprises through systematic research, search for enterprises, exploration of traits, in-depth exploration, standard setting, etc.

Xinhua Silk Road: China strives to nurture more hidden champion enterprises to quicken SMEs development

Friday, November 8, 2019 - 7:06am

BEIJING, Nov. 8, 2019 /PRNewswire/ -- China has sought to nurture more hidden champion enterprises in a bid to push forward the development of small and medium-sized enterprises (SMEs), according to the Hidden Champions Development Summit held on Thursday during the second China International Import Expo (CIIE) in east China's Shanghai.

Key Points: 
  • BEIJING, Nov. 8, 2019 /PRNewswire/ -- China has sought to nurture more hidden champion enterprises in a bid to push forward the development of small and medium-sized enterprises (SMEs), according to the Hidden Champions Development Summit held on Thursday during the second China International Import Expo (CIIE) in east China's Shanghai.
  • Hermann noted that although China's hidden champion enterprises are still in their infancy, their development momentum is rapid, especially in the field of R&D, thanks to abundant capital supports.
  • Liu Zhengrong, vice president of Xinhua News Agency, pointed out that hidden champion enterprises play a very important role in cultivating new growth drivers and achieving high-quality economic development.
  • At the forum, a program of looking for hidden champion enterprises in China was launched jointly by the China Economic Information Service (CEIS) of Xinhua News Agency and the Development Research Center of the SAMR, with the aim to support development and growth of the hidden champion enterprises through systematic research, search for enterprises, exploration of traits, in-depth exploration, standard setting, etc.