US EditionEconomic Watch: China’s Private Firms Pioneer Tech Innovation Amid Policy Support
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Economic Watch: China’s Private Firms Pioneer Tech Innovation Amid Policy Support
Beijing - China's private companies are spearheading breakthrough innovations across various key sectors, supported by favorable government policies that encourage entrepreneurship and unleash market vitality in technological advancement. The latest data shows that the private sector has emerged as a key driving force behind China's technological development, with private firms accounting for over 92 percent of the country's high-tech companies …
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