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China’s economy is showcasing remarkable growth during its 14th Five-Year Plan, with a projected increase of over 35 trillion yuan and a 50% surge in R&D spending, highlighting its commitment to innovation.
China leaps from 20th to 10th in global innovation rankings, driven by government initiatives, increased R&D investment, and rapid AI development, marking a significant shift towards becoming a global innovation hub.
Huawei reports a robust performance in 2024, driven by massive R&D investment and innovation, showcasing growth across its business sectors despite global challenges.
China’s top 500 private firms are fueling real economic growth, with manufacturing accounting for 66.4% of these companies, marking three years of industry expansion.