Jiangsu Shemar News Today

Chinese companies want to stop economic stagnation due to the property market dip and want to focus on aggressive investment in the tech sector.

Chinese companies are stepping up investments to develop their own products without mimicking technologies acquired from overseas peers, reports Nikkei Asia. Companies listed in China spent RMB 1.64 trillion ($228 billion) on research and development programs in 2022, marking a 2.6-fold increase over the past five years.  "We have captured a market share of 90%…