Liu Qian, founder of Wusawa Advisory and former managing director of The Economist Group in Greater China, stands at the intersection of innovation, global economics, and gender equality. A prominent advocate for women’s rights, she serves as China’s sole representative in the core working group of the UN Women Leaders Network. In a recent interview with SCMP Plus, Qian shared her insights on the nuances of Chinese versus Western innovation, the trajectory of the US-China rivalry, and the indispensable role of women in shaping policy.
Chinese vs. Western Innovation
One of the key points Qian elucidates is the fundamental differences between innovation in China and the West. In her view, Western innovation is often characterized by individualism, which drives creativity and value through personal achievement and intellectual property. In contrast, Chinese innovation places a greater emphasis on collective effort and collaboration, fostering rapid advancements through communal resources and sharing of knowledge. This distinction shapes the landscape of technology and global trade.
In China, innovation is heavily state-supported, with substantial backing from government initiatives. The Chinese model prioritizes efficient scalability and practicality, often resulting in quicker results compared to the more deliberative and incremental approaches favored in Western countries. Qian contends that this model enables China to adapt swiftly to market changes and consumer demands, thereby securing its place as a leader in fields like artificial intelligence and clean energy.
The US-China Rivalry
As the US-China rivalry intensifies, its implications extend beyond simple economic competition. Qian highlights that the conflict embodies a clash of ideologies, with differing governance models influencing global policy frameworks. The recent round of trade tariffs has prompted discussions about the future of global trade and its potential ramifications for both nations.
It is important to recognize, however, that the narrative surrounding the dangers of this rivalry may be exaggerated. While US exports to China once constituted a significant part of China’s economy, this relationship has evolved. Exports, which comprised about 36% of China’s GDP at one time, now account for only 19%. Of this, exports to the US represent roughly 2.8% of China’s GDP. Thus, even if tariffs were to decimate the US export market entirely, the overall impact on China’s economy would be relatively minor.
Qian’s commentary suggests a more nuanced understanding of the challenges facing China. The current tensions may inadvertently highlight China’s capability to diversify its trade relationships. For instance, the Association of Southeast Asian Nations (ASEAN) has surpassed the US as China’s primary export destination, allowing for a broader and more resilient trade foundation.
The Role of Women in Policymaking
A cornerstone of Qian’s advocacy is the crucial role of women in policymaking and innovation. Referencing the adage that "women hold up half the sky," she emphasizes that inclusive policymaking enhances creativity and drives effective solutions. The global landscape stands to benefit from diverse perspectives, particularly as societies navigate complex challenges such as climate change, economic instability, and technological upheaval.
Qian notes that women often bring unique insights that can contribute to more equitable and effective decision-making. As a key figure in the UN Women Leaders Network, she champions the integration of women’s voices into economic discussions and strategy formulations. Her advocacy aligns with broader global initiatives aimed at ensuring gender parity, especially in leadership positions.
The intersection of gender equality and economic innovation cannot be overstated. Diverse teams have been shown to outperform homogenous ones, leading to innovative solutions and competitive advantages, particularly in a rapidly changing world. Qian argues that fostering gender-inclusive policies is not merely a matter of fairness; it is a strategic necessity for sustainable economic growth.
Conclusion
Liu Qian’s insights on Chinese innovation, the dynamics of the US-China rivalry, and the paramount importance of women’s voices provide a compelling framework for understanding the current global landscape. As innovation continues to shape the future of economics, it is essential to embrace diverse perspectives and collaborative approaches.
While the US-China rivalry poses challenges, it also underscores the importance of adaptability and cooperation in a multipolar world. As countries navigate these complexities, taking proactive steps to ensure gender equality in policymaking will be vital. Women like Liu Qian serve as essential leaders in this journey, pushing for both innovation and equality in a rapidly evolving global environment. Understanding these interconnected issues will be crucial as we move forward, navigating the complexities and opportunities that lie ahead.
