Renowned management scholar Hermann Simon points out that China has become an essential growth engine for the world’s hidden champions, driving global market expansion and industrial upgrading.
The country’s massive market scale and robust manufacturing ecosystems provide an ideal environment for specialized medium-sized enterprises to thrive and scale globally.
Simon emphasizes that Chinese companies are increasingly transitioning from simple low-cost manufacturing to highly sophisticated innovation-driven leaders within niche sectors.
This evolution highlights China’s growing capacity to nurture world-class technological excellence and secure pivotal positions in international supply chains.
Ultimately, the deep integration of foreign and domestic hidden champions in China creates a resilient framework for sustained global economic development and industrial collaboration.
Source: People’s Daily
