Yang Yuanqing, chairman and chief executive officer of Lenovo Group Ltd, speaks during the 2015 Fortune Global Forum in San Francisco, California, in November 2015. [Photo/Agencies]

Yang Yuanqing: Upgrade products to stimulate new demand

Yang Yuanqing, chairman and CEO of Lenovo Group Ltd, a member of the CPPCC, said that only focusing on produce and sales is not enough. A company must rely on technology innovation, quality control, complete after-sales service, continuous management and reasonable prices to build products and brand awareness.

Yang also pointed out that companies are able to take advantage of the "Internet Plus" initiative and "Plus Internet" strategy to accomplish an industry upgrade.