The Chinese Blue Ocean Strategy
China is a rapidly developing nation with an impressive growth rate. The Chinese Government has implemented a policy of Blue Ocean Strategy, which seeks to create new opportunities in order to capitalize on the potential of the Chinese economy. This strategy focuses on three key principles: maximizing efficiency, fostering innovation and creating new markets. According to the Chinese Government, the strategy is intended to turn the three principles into an engine of continued development, helping to maintain its high growth rate.
The goal of the strategy is to transition the economy from being a production-oriented manufacturing economy to a service-oriented information economy. To achieve this goal, the Chinese Government has implemented a variety of policies that seek to reduce current inefficiencies, foster innovation and utilize existing facts such as plentiful natural resources and an impressive population of highly skilled workers.
In order to maximize efficiency, the Chinese Government has implemented a series of reforms that seek to reduce bureaucracy and encourage the efficient use of resources. One example of this is the proposed introduction of a goods and services tax, which seeks to reduce inefficiencies in the tax system by replacing the current individual income tax and corporate income tax system with a goods and services tax. This will simplify the process of paying taxes, while also allowing the government to keep a closer eye on where taxes are being paid and how they are being used. This would help to rein in the widespread tax evasion.
To encourage innovation, the Chinese Government has implemented a variety of initiatives that seek to spur innovation and creativity among its citizens. This includes the introduction of the Internet Cafe Industry policy, which seeks to promote entrepreneurship and facilitate the establishment of internet cafes in China. This allows businesses to set up shop without fear of government interference, which could prevent established companies from competing.
Finally, the Chinese Government is focusing on creating new markets for products and services. This includes the introduction of special economic zones, which are areas of the country designated as places for foreign investors to establish businesses and stimulate economic growth. It also includes a number of initiatives that promote the development of the telecoms, manufacturing and technology sectors.
The Chinese Government is also focusing on developing its infrastructure, such as investment in new roads and railroads to facilitate economic growth. Finally, it is also committed to increasing access to education, with the goal of creating a more highly skilled workforce and encouraging further innovation.
These initiatives have been designed to help China become a global leader in the 21st Century, enjoying a level of success and prosperity that will be the envy of many nations. Through the implementation of the Blue Ocean strategy, the Chinese government has been able to create new markets, reduce inefficiencies and foster innovation, which in turn has enabled the country to achieve the high growth rates that it has been experiencing recently.
