Chinese Foreign Ministry: China fosters global innovation

The Chinese Foreign Ministry has stated that China's integrated industrial system, with its broad application scenarios, a high-level talent pool, and a continuously improving policy environment, provides a fertile environment for innovation for global companies. The spokesperson noted that 80% of American companies consider their presence in China vital for enhancing their competitive capabilities, and more firms are turning to research and development as well as establishing manufacturing bases in the country to strengthen their international competitiveness.

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