BEIJING -- China's most successful young business leaders are riding high on Chinese consumers' growing appetites and spending power, yet their ambitions go beyond simply getting rich, according to a recent report Chanel Replica Handbags released by Z. H. STUDIO on 鈥淐hina's Business Leaders Under the Age of 40鈥? Along with their accelerated net worth, the new generation of prominent business icons are weighing the responsibilities that come with success and considering their own impact on Chinese society.
Increasingly, these trailblazers believe they can help integrate China into the rest of the world and hope to play a part in reforming institutions, creating more middle class jobs, and redistributing wealth more equally in society.
Reviving Traditional Industry
Yu Dong is a young man who has made it big in what is considered a traditional, and until recently not very lucrative, industry in China 鈥? film. A smart eye for an opportunity led him to restructure his Polybona film distribution company in 2006, registering it in the British Virgin Islands and getting $10 million VC fund. A month later, the Chinese government introduced a regulation banning other firms from such a move. Currently, Polybona is the only Chinese media firm that is in a position to list on an overseas stock market.
Polybona has since expanded into film production, producing 16 films per year and also managing six multiplex cinemas in mainland China. Yu Dong sees globalization affording a golden opportunity to the Chinese film industry.
The film industry in China is still heavily-regulated. However, Yu Dong is optimistic that it will inevitably become vibrant and more integrated with the rest of the world. 鈥淲hen the industry becomes more influential, China's films will also help export Chinese value systems to the whole world,鈥?says Yu.
Yu Dong believes the key indicator of a business leader is not wealth but lasting significance. 鈥淭he industry leader shall have the capability to push forward the whole sector, to set the future direction of the industry development, to bring about fresh ideas and innovations,鈥?he notes.
But Yu's dream is to return to his roots and nurture more film entrepreneurs. A graduate of Beijing's Film Academy, Yu hopes to return to his alma mater aged about 50 as a humble associate professor helping a new crop of students find success in the film industry 鈥?鈥渢eaching them how to fish rather than fishing for them,鈥?as he describes it.
Meanwhile, he predicts the next 10 years will generate many new film tycoons in China. Box office revenues will soar from RMB6 billion today to about RMB30 billion, he says. China's big population 鈥?as well as millions of overseas Chinese around the world 鈥?is driving huge market demand.
Indeed, China's economic growth聽will be increasingly driven by domestic consumption demands, according to Henry Yang, another serial entrepreneur under 40 whose Cominsight Group embraces all his other replica clothing ventures, including internet research agency (iResearch), e-commerce, lifestyle, entertainment and investment banking consultancies.
鈥淭he low-end manufacturing, despite the high market-share achieved on the global markets, will not sustain in China
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