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If they wanted a replay of what happened to ZTE, a Chinese company which relies heavily on outsider
technologies, they may never see it. Because Huawei is a dramatically different kind of business.
The Plan B Huawei has just revealed — a series of self-developed chips — is only part of what makes it an enterprise of strategic insight, and hence resilience. Over
time, that insight has rewarded it with a viable biosphere that its founder Ren Zhengfei believes will enable it to weat
her the storm. “Our growth may drop a bit in the wake of US restrictions, but negative growth is impossible,” said a confident Ren during a Tuesday inter
view with Chinese media, adding that Huawei has cultivated longstanding trust with industry partners.
That may be why, even after Google barred Huawei from some Android featur
es, Ren spoke highly of the Silicon Valley giant, praising it as a “good company”. That may
ugh criticized by much of the West, and the US in particular－could bring dramatic
improvements in physical and digital connectivity to Central Asia and parts of Africa.
Further advances in critical infrastructure will create important growth opportunities for developing countries via e-commerce, mobile paym
ents, and related financial services. The experience of China suggests that these digital platforms, and the ecosy
stems that develop around them, are powerful engines for incremental, highly inclusive growth.
China, of course, is a very large, homogenous market. If smaller, lower-income developing countries are to bene
fit from equally rapid inclusive growth, the digital platforms will have to be regional and international in scope.
platform covering 14 African countries, recently went public on the New York Stock Exchange, am
“Products that just scratch the surface, like simple tours of famous universities, have fallen out of favor with the market,” Zhang says.
Language training, NASA’s space camp, computer programming, homes
tays, wild animal care and desert and museum experiences are among the most popular options.
“Certain volunteering and public-welfare routes have seen a particularly fast increase in bookings,” Zhang says.
During the recent winter vacation in February, study-t
rip bookings surged by 80 percent compared with the same period of last year.
Domestic trips cost roughly 4,500 yuan ($663) per capita on ave
rage, while expenditures hit 21,000 yuan for outbound experiences, the agency reports.
Parents from Shanghai, Beijing and Guangdong province’s Guangz
hou and Shenzhen are the most willing to spend, according to Ctrip’s data.