Chinese Companies Pour Billions into R&D, Stop Mimicking US, Japan, Korea – Top Speed News
Chinese companies want to step aside from mimicking Japanese, US and European products and develop products on their own and have spent over $228 billion on research and development programs in 2022, news agency Nikkei Asia reported. Insulator-maker Jiangsu Shemar Electric, Chinese automaker BYD and Hygon Information Technology are companies that have increased their funding…