Whether Developing Country Can Achieve Remarkable Progress in the Global Market by High-Tech—Huawei Company as an Example

Abstract

With the development of international trade and the formation global value chain, global economy increases rapidly and many countries can gain benefits from it. However, the gap between the rich and the poor is becoming increasingly sharp. Developed countries dominate the global trade and achieve the majority of value chain. As a big developing country, China has developed to the second biggest economy, and the biggest export volume country, but still stays at the weak stage of the global value chain. Because in China, low-value-end manufacturing is the dominating economic sector. In order to achieve more value in global trade, China desires to update the business model from traditional industries to emerging industries by developing high-tech industries. It is widely believed that an increasing amount of Chinese companies concentrate on R&D and innovation to gain advantage in the new wave of global economy. Huawei, a remarkable Chinese high-tech company which develops from a sale agent firm to one of the most innovative companies in the whole world, will be presented in this paper to show the importance of high-tech and updating industrial structure for a company and countries.