Guo Guangchang, a member of the CPPCC National Committee and chairman of Fosun Group, talks to a reporter in Beijing on Mar 4, 2017. [Photo/VCG]

Guo Guangchang, chairman of Fosun Group

Keywords: Smart economy, supply-side reform, elderly care service, medical AI, liability insurance

The "customer-to-manufactory" (C2M) model, based on the internet's permeation of other industries, is a crucial path to push forward the supply-side reforms. It can better understand customers' needs, and guides the design and manufacturing at the very beginning, to construct a new supply-demand relationship. The model can improve efficiency and lead to more low-cost, personalized and valuable products.