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flag Chinese economy shifts to innovation-driven model, attracting German investments.

flag Renowned German economist Hermann Simon noted China's rapid advancement in high-tech industries, transforming its economy from low-cost to innovation-driven. flag This shift has led to the emergence of "hidden champions" in niche markets, contributing to global industrial upgrades and sustainable development. flag Simon highlighted China's emphasis on education and research, making it a crucial market for testing new innovations, attracting German companies to establish major operations there.

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