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Guo Tingting, Deputy Minister of Finance at China Development Forum 2024
At the 2024 China Development Forum, Vice Minister of Commerce Guo Tingting stated that China's **innovation capacity** is continuously strengthening.
The country boasts the world's largest R&D workforce and the highest number of invention patents granted. As the population dividend shifts towards a talent dividend, R&D investment and high-tech industry funding have maintained double-digit growth for several years. Innovations in areas like **smart manufacturing** are emerging, and China's digital economy remains the second largest globally, integrating deeply with the real economy.
China aims to foster a globally competitive open innovation ecosystem and enhance supply chain optimization while attracting quality global production factors
The key point and your take-away from this case study 'Guo Tingting, Deputy Minister of Finance at China Development Forum 2024'. Your learning combines both language skills and market knowledge.
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China's digital and green development is accelerating, the scale of the digital economy ranks second in the world, and its integration with the real economy continues to deepen.
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