“Serving the world with foreign technologies does not count as a real service. Providing self-developed technologies is what counts,” Dong Mingzhu, chairwoman of Chinese home appliance manufacturer Gree Electric Appliances, said when delivering a speech at the eighth China (Mianyang) Science and Technology City International High-Tech Expo in Mianyang, Sichuan province on Monday.

“Currently, we’ve set up a platform for developing disinfection robots with the Chinese Academy of Sciences. We’ve set aside 1 billion yuan ($147.18 million) for research and development where we don’t aim to make profit, but aim to own self-developed products,” she said.

Gree boasts 16,000 research and development workers, majority of whom are college graduates, Dong said. “Most of them are born after 1990s,” Dong said, adding their recent disinfectant devices developed by a group with average age of below 30 are sold in 42 countries.

Dong said, “Innovation has no end. Only if a company continues to expand its research and development, it can take control of its own destiny.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Does America Have a Confidence Problem?

I’m finally watching “Civilization,” the 1969 BBC mini-series written and narrated by British art historian Kenneth Clark. Over 13 episodes, Clark presents the history of the West through its art. It was Clark’s goal to make manifest the famous quote…

Delta will have twice as many pilots as it needs this fall

Washington (CNN Business)Delta Air Lines said in an internal memo that it will be overstaffed by 7,000 pilots, more than half of its current number of pilots, as soon as this fall. It also said it will close its Cincinnati…

Wall Street bounces as tech rebounds

NEW YORK (Reuters) – Wall Street’s main indexes rallied on Wednesday to stanch the bleeding after a three-day drop as investors jumped back in to take advantage of the repricing in technology-related stocks, a day after the Nasdaq confirmed correction…

Carlos Ghosn’s accused smugglers unlikely to win quick bail

(Reuters) – A U.S. judge said she is unlikely to quickly release a Massachusetts father and son being held on charges they helped smuggle former Nissan Motor Co (7201.T) chairman Carlos Ghosn out of Japan. At a Wednesday hearing in…