Hermann noted that although China's hidden champion enterprises are still in their infancy, their development momentum is rapid, especially in the field of R&D, thanks to abundant capital supports. "Hidden Champions", a concept coined by Hermann Simon, a German SME management specialist, refers to those in a certain subdivision or industry that achieve the world's leading position. Gan Lin, deputy chief of the State Administration for Market Regulation (SAMR), delivers a speech at the Hidden Champions Development Summit during the second China International Import Expo (CIIE) in Shanghai, November 7.Īs China is at the critical period of transforming the development model, optimizing the economic structure, and shifting the growth drivers, it has significant realistic meanings for the country to foster more hidden champion enterprises, said Gan Lin, deputy chief of the State Administration for Market Regulation (SAMR) at the summit.
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