Private companies' equipment renewal fuels innovation, exports
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E-mail China.org.cn, October 15, 2024
China's private companies have ramped up equipment import and renewal, fueling high-tech product exports. In the first three quarters, their imports of production equipment increased 31%, while high-tech product exports rose 14%, said Wang Lingjun, vice minister of the General Administration of Customs of China, at a press conference Monday.
