The Rise of China's 'Little Giants' and Their Role in the Economy
The Role of 'Little Giants' in China's Economy
China is focusing on its specialized small and medium enterprises, referred to as 'Little Giants', as part of a broader strategy for self-reliance. These companies are pivotal in driving innovation and competitiveness in key industries.
Investment in Innovation
By investing in these enterprises, China aims to strengthen its economic foundation and reduce dependency on foreign technologies.
Significance of 'Little Giants'
- Driving innovation
- Enhancing competitiveness
- Supporting economic stability
The emphasis on 'Little Giants' highlights a significant shift in industrial policy and the recognition of their potential to contribute to the national economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.