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Chinese economy shifts to innovation-driven model, attracting German investments.
Renowned German economist Hermann Simon noted China's rapid advancement in high-tech industries, transforming its economy from low-cost to innovation-driven.
This shift has led to the emergence of "hidden champions" in niche markets, contributing to global industrial upgrades and sustainable development.
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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La economía china cambia hacia un modelo impulsado por la innovación, atrayendo inversiones alemanas.