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Sunday, November 24, 2024

Home Business High-tech companies in China’s Guangdong exceed 75,000

High-tech companies in China’s Guangdong exceed 75,000

by News desk
February 20, 2024
in Business

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The total number of high-tech enterprises in south China’s Guangdong Province has exceeded 75,000, local authorities have said.

By the end of 2023, the province’s estimated annual research and development (R&D) expenditure topped 460 billion yuan (about 64.8 billion U.S. dollars), boasting 1.35 million R&D personnel and more than 665,000 valid invention patents, according to statistics revealed at a provincial conference on high-quality development.

Meanwhile, Guangdong saw the filing of 23,700 international patent applications via the Patent Cooperation Treaty (PCT). —APP