Chinese firms boost R&D investments in H1

Chinese state-owned national companies significantly expanded their investments in research and development during the first half of 2026, increasing spending by 3.8% year-over-year. They achieved total profits of approximately $206 billion and saw a 4.5% growth in their fixed asset investments. These measures are part of efforts to boost technological innovation, achieve sustainable development, and support industrial transformation and upgrade, while working to improve the industrial structure and implement reforms effectively.

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