Chinese Industry Giants Leading the World by Creating Enormous Business Ecosystems

By • on September 21, 2020

The Global Newswire website reported that as the undisputed global leaders in manufacturing, China has for years been perfecting the model of open innovation within large business ecosystems. Adding to much of the country’s economic rise over recent decades, these huge ecosystems are comprised of a great number of smaller component parts that allow for ultra-specialization at each individual point in the business cycle.  Oftentimes spanning multiple verticals, these ecosystems are seen everywhere from digital services, to manufacturing and even the food industry. Understanding cooperation as being more beneficial to growth than competition, Chinese companies of all sizes attribute their being within a business ecosystem as being a major competitive advantage.

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