Jensen Huang, CEO of U.S. tech giant Nvidia, has emphasized the importance of healthy competition in driving market growth and innovation.
Huang shared his insights in an interview with China Media Group (CMG) in Beijing, on the sideline of his attendance to the opening ceremony of the third China International Supply Chain Expo on July 16.
"You need competition to create your market. You need competition to create a future for both. There are no great markets where there are no competition. And so by definition, if you want markets, if you want prosperity, you want growth, competition goes along with it. And so I'm of the core value belief that it is possible to be in service of the market in the industry and to help everyone grow. And as a result, you grow as a benefit," he said.
The tech executive also expressed respect for rivals, highlighting that competition and cooperation can coexist.
"I respect my competitors and I've got no trouble enjoying their company. Nvidia competes with many companies in the world. In a lot of ways, most of my customers compete with me. And we have no trouble cooperating with them still. And I hope that we'll have an opportunity to compete for many years to come. But my feelings towards them are that -- admiration and respect and competitive. I think the big idea here is that there are companies that compete, there are nations that compete, and all of that coexist at the same time," Huang said.
Nvidia competes with many companies, but has no trouble cooperating with them: Jensen Huang
China has seen a surge in passenger traffic on New Year's Day, the first day of its three-day New Year holiday, with significant increases in short- and medium-distance travel and strong year-on-year growth in flight bookings.
Data showed that during the holiday period, short- and medium-distance travel is the main mode of travel in China's Yangtze River Delta, Pearl River Delta, and Chengdu-Chongqing regions, with trips crossing the New Year becoming a major highlight.
Domestic flight bookings for the holiday increased by 28 percent year on year, and international flight bookings increased by approximately 14 percent year on year, according to data from Umetrip, a popular Chinese flight travel application.
"During the New Year holiday, the popularity of winter escape trips to the south increased significantly compared to previous years. On the other hand, new destinations in the south are rapidly emerging. Flight bookings to cities such as Nanning, Jieyang, Quanzhou, and Huizhou all increased by more than 70 percent year on year, becoming highlights of holiday travel growth," said Zhao Nan, general manager of the industry development department at Umetrip.
In China's coastal province of Fujian, the province's maritime administration anticipates that 143 passenger ships will be in operation during the holiday, carrying over 380,000 passengers.
The Mini Three Links, which refers to small-scale trade, shipping and postal services between Fujian province, Kinmen Island and the Matsu Island group, are expected to carry over 20,000 passengers, an increase of more than 50 percent compared to the same period last year.
China sees travel surge on New Year's Day
