Innovating locally for global scale

Q5 Looking ahead to the second half of the year, what will you be watching most closely as indicators of China's economic resilience, reform progress and long-term growth potential?

ZHU: From scaling artificial intelligence to hyper-automation in a factory, from fast-moving consumer dynamics to expansion in global markets, the real opportunity and benefit come from transformative, end-to-end approaches for a company, and for a country as well. By combining the power of technology, people, organization and ecosystem, the nation will be better positioned to become more people-led and innovation-driven, building resilience as well as embracing new growth. We observe that, when being gauged from key dimensions from commercial, operations and technology to people, Chinese companies have already prioritized and put more efforts into being more adaptive, agile and intelligent. At the same time, China is at a critical stage of translating the early impact of short-term efficiencies to sustained value, and we should also be mindful of some barriers like the gaps in perceptions and visions along the technology-led transformation, lack of organizational readiness, localization pressure in overseas markets, and how to harness people's experiences in work and in life.

CHEN: In the second half, I will watch a few practical indicators. First, I will look at the pace of industrial upgrading — especially in high-end manufacturing and technology-driven sectors — because that is a strong signal of long-term competitiveness and productivity growth. Second, I will watch how domestic demand evolves, including whether consumption continues to recover and whether companies see stable confidence to invest and expand. Third, I will pay close attention to progress on innovation policies and talent development, because "new quality productive forces" depend on strong research and development capabilities and effective industry-academia collaboration. Finally, I will watch how the green transition progresses — such as energy efficiency, renewable energy adoption and clearer carbon management practices — because sustainability is increasingly a core requirement across global value chains.

MA: Looking ahead to the second half, we will be watching indicators that reflect consumer confidence, consumption growth and the continued expansion of experience-led sectors such as sports, outdoor recreation, tourism and culture. These trends provide important signals of China's economic resilience and long-term growth potential. We will also pay close attention to how continued reform, innovation and opening-up create new opportunities for businesses and consumers. In particular, the growth of the event economy, sports participation and cultural tourism will be important indicators of evolving consumer preferences and demand for active, experience-led lifestyles.

JIANG: Looking ahead to the second half, I will be watching more for the underlying signals that reflect the quality and sustainability of growth.

First is consumer confidence and how it translates into demand. For Logitech, it's not simply about whether people are buying more products, but whether they continue to invest in products that improve productivity, creativity and everyday experiences. Second, I will also pay attention to the continued development of digital culture, gaming and esports in China. Third is the pace at which new technologies — particularly AI — are being adopted in everyday life. China's strength has always been its ability to quickly turn innovation into real-world applications. Continued progress in this area will be an important indicator of future productivity and competitiveness.