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Chinese companies have become the main force for technological innovation and over eighty percent of research and development investment comes from enterprises in 2017. Some companies such as Huawei have emerged as industrial leaders in research and development.
Chinese permanent representative to the United Nations Ma Zhaoxu said at a high-level symposium "Strengthening Multilateralism and Multilateral Trading System in the Age of Globalization," that to safeguard a rules-based, universal, open, transparent, predictable, inclusive, non-discriminatory and equitable multilateral trading system under the World Trade Organization (WTO) is an earnest practice to support multilateralism and an important guarantee for global economic growth.
Chinese monetary authorities and banking regulators have adopted supportive measures to increase loans to small and micro businesses to mitigate the negative effects of the COVID-19 pandemic and encourage market entities to employ new financing tools to boost production, according to officials and bank executives.
Chinese mainland chipmaker Semiconductor Manufacturing International Corp has successfully mass-produced a smartphone processor for Huawei Technologies Co, marking a breakthrough in the mainland's push to boost its chipmaking industry, experts said.
Chinese e-commerce giant JD reported its net revenue for the second quarter of 2019 reached 150.3 billion (.9 billion), an increase of 22.9 percent from the same period last year, while net profits surged 644 percent year-on-year to 3.6 billion yuan.
来源：资阳报