Chinese Companies Pour Billions into R&D, Stop Mimicking US, Japan, Korea
Chinese companies want to stop economic stagnation due to the property market dip and want to focus on aggressive investment in the tech sector.
Source: news18.com
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China R&D investment doubles over 5 years
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%…
Source: chinaeconomicreview.com