□ Meng Pu, chairman of Qualcomm China
In January this year, Xi Jinping chairman published an important article on “constantly strengthening, optimizing and expanding China’s digital economy”, which inspired multinational enterprises, including Qualcomm, at the junction of “double circulation”.
Digital economy can enhance the momentum for building a new development pattern. With the continuous progress of 5g, big data, cloud computing, artificial intelligence and other technologies, the digital economy industry has achieved vigorous development and gave birth to robust industrial clusters. The industry predicts that by the end of the 14th five year plan, digital industrialization and industrial digitization will account for more than 50% of GDP. In addition, digital technology can widely link a large number of products, services, users, etc., and promote the efficient flow and optimal allocation of cross-border and even cross-border resource elements. Digital economy can be said to be an industry that drives globalization. Take the information and communication technology industry in Qualcomm and China Mobile’s communication eco partners as an example. Semiconductor equipment and materials may come from Europe, Japan or Korea, and Chinese or American enterprises will design specific chips, then manufacture them in Taiwan, China, and seal them in Malaysia China. The final commercial products or solutions based on chips can be applied all over the world.
The successful practice of “double circulation” assisted by digital economy. The development of 5g, cloud computing, artificial intelligence and other technologies and their deep integration with various industries will also further promote the construction of a “double cycle” new development pattern. In the mobile intelligent terminal industry, as early as January 2018, Qualcomm and a number of Chinese terminal manufacturers jointly launched the “5g pilot plan” to meet the different needs of various countries and regions for technology, design, frequency band and other aspects through globalized 5g solutions. At present, the global market share of China’s top five manufacturers has increased by more than one third, and the brand awareness and reputation have been further improved. In the field of Internet of things, in July 2020, Qualcomm and more than 20 partners in China launched the “5g Internet of things innovation plan”, which promoted the first batch of 5g Internet of things terminals to be applied to live news, epidemic prevention and control and other fields, and accelerated the development of overseas markets. In the third quarter of 2021, five Chinese manufacturers including Quectel Wireless Solutions Co.Ltd(603236) became the top 5 in the global cellular Internet of things module market, accounting for nearly 60%.
Facing the future of digital economy, Chinese enterprises participate in and optimize the global market through “double circulation”. Qualcomm has long-term and in-depth cooperation with China’s mobile communication industry for nearly three decades. In this process, it has also seen the strong development vitality of its partners and amazing changes in various development stages. In the first stage, Chinese enterprises learn the technology application methods of advanced multinational enterprises; In the second stage, it has dared to take the lead in trying new global technologies; The third stage puts forward more personalized needs. Now it has entered the fourth stage to participate in and optimize the global market. China’s mobile Internet industry is now at the forefront of the world. Therefore, while meeting the needs of Chinese users and promoting China’s big cycle, Chinese manufacturers can actually apply the “China scheme” to overseas markets to accelerate the mutual promotion of China’s international double cycle, so as to redefine the market and lead the innovation and development of global digital economy. This also echoes what is mentioned in the 14th five year plan and the outline of long-term goals for 2035: while building China’s great cycle, open up the international and Chinese markets, and cultivate and form China’s new advantages in participating in international competition and cooperation.
