Monday, 22 July 2019 05:52 GMT

China boosts enterprises' innovation capabilities

(MENAFN) China has made remarkable progress in boosting enterprises' innovation capabilities in recent years.

Enterprises' research and development (R&D) investment makes up above 70 percent of the country's total R&D investment, with more than 40 percent of major industrial enterprises carrying out technological innovation activities.

The country was still a world leader in invention patent applications for seven consecutive years by the end of 2017, with the application number reaching 1.83 million.

Various measures have been revealed to improve enterprises' innovation capabilities, including establishing a series of innovation centers and laboratories, increasing support for enterprises in key fields and optimizing innovation-oriented policies.


China boosts enterprises' innovation capabilities


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