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In Numbers: How China's private sector is leading tech innovation

Summary by Ecns
The year-on-year growth rate of R&D expenditures for these top 1,000 private enterprises in 2023 was 12.78%, surpassing the growth of 6.54 percent for the global top 1,000 and 7.68 percent for the European Union.
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Ecns broke the news in China on Friday, February 21, 2025.
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