Lin Lei, the co-president and CEO of Sinotrust, recently participated in an in-depth dialogue at the Sohu Entrepreneurs Forum Annual Conference 2009. In an interview with Sohu Business Lin Lei stated that “the government’s greatest support shall be the transparency of relevant issues, for example, transparency of policy, data and information.”

Sohu Business: The economic crisis has lasted for over a year. Has Sinotrust been affected for the past one year?   Lin Lei: “At the first half of 2009, Sinotrust was indeed affected by the financial crisis. Since the second quarter of this year, the market has gradually restored in terms of consumption. At the third quarter, we have recovered from low ebb. Thus, we think at the third quarter and fourth quarter, our business will grow quickly both in link relative ratio and year-on-year growth.

For this year, we have experienced the freezing stage at the first quarter and recovery stage at the second quarter and third quarter. It is anticipated that the fast growth will be achieved at the fourth quarter.”

Sohu Business: Recently, some experts pointed out that Chinese economy had changed from industrial economy to a higher level economic pattern. Also, the service industry would be further developed in the future. Now many leaders of the state have paid attention to this aspect. What policy and action shall the state take to support the service industry?  Lin Lei: “Modern service industry, particularly, the specialized service, is very important for the economic development and promotion.  The government’s greatest support shall be the transparency of relevant issues, for example, transparency of policy, data and information. The majority of such information and data is controlled by the government. So, transparency (disclosed to the public) therefore is helpful for the specialized institutions’ effective analysis, so as to offer the supports for the enterprises’ major decision-making. Thus, the commercial decision-making is sped up, while the cost of decision making is lowered.”  To read the full interview click on the link.  Source: Sinotrust