in most technological fields. grants, prestigious awards, scholarships, financial support for scientists at all stages of their career, from student to doctoral dissertation, benefits for a company that invests in science, for example, a tax deduction of twice the amount of expenses for innovative development. china is characterized by competition for young talent at the provincial and city levels. the experience of hainan province with the introduction of talent classification is noteworthy. which allows researchers to achieve certain results enjoy an increasingly wide range of benefits when purchasing housing, medical care, and so on. this significantly increases the prestige of the profession and partly echoes the soviet experience of stimulating the work of scientists. but not only the idea is important, but also the resources. china has become a leader in the mining and processing of metals used in green energy. from 40 to 80% of lithium, cobalt and nickel processing is carried out by chinese facilities. in general, more than

half of the world market for rare earth metals is in the hands of this country, which seizes leadership in the production of semiconductors. technology transfer, of course, is accompanied by brain transfer, which is a key factor in the scientific and technological race in the 21st century. it is noteworthy that if until 2006 china acted as a donor of scientific brains, now, in terms of the intensity of attracting specialists, it is five times higher than the country. attracting scientists from japan, france, germany, uk and india, with over 70% of chinese scientists working outside of china, of which 85% in the us, so intellectual capital to realize a technological breakthrough was also provided. and one more interesting fact: china not only opened up to the world, but forced competition for the right to provide modern technologies to local businesses. western firms began to compete. foreign business

contributed at least 25% of the authorized capital, combined assets with a chinese partner, shared profits and losses equally, while the law that regulated the creation of joint ventures specifically emphasized that technologies must be modern, for attempts to get some old stuff, foreign partners faced sanctions. innovative. but these are very large numbers, imagine if a new switzerland appeared on the map every year, it is quite logical that china has become a world leader in the export of goods, compared to 1979, the figure has increased more than 500 times. more than a third of all goods supplied to world markets are made in china, and...

this is already mechanical engineering and electronics. at purchasing power parity, the chinese economy first in the world. it is still second in terms of nominal gdp. but in 7 years, according to forecasts, beijing will officially become the world's largest economy. although today the middle kingdom already ranks first in the world in production. tronics, steel, clothing, even petroleum products. china is the leader here. one striking example is the chinese energy giant state grade. in terms of annual revenue , the company was even ahead of apple. among the largest in the world are also corporations such as huawei, xiaomi and lenovo, electronics manufacturers. total revenue - 226 billion dollars. the west really doesn't like the fact that china produces high-tech products. he

begins to fight it first of all, american sanctions against huawei are aimed precisely in this vein, but at the same time there was the foundation of new ones, a new basis for the further growth of the chinese economy, already according to an excellent model, not the same as it happened in previous stages of china's development over the past 40 years, for the next 10 years analysts are making more... more surprising predictions: eight out of ten gadgets in our hands will have the inscription made in china. not to mention that scientists from china have managed to get closer to creating a quantum hard drive. it has limitless capacity. the fastest internet, also from the middle kingdom. the fastest internet in the world has been launched in china. its data transfer rate is 1.2 t.s. the fiber optic cable is laid between beijing, wuhan and guangzhou. its length. it is reported that the cable was

connected to the network in july of this year, but only now became fully operational. simply put, with such an internet you can download 150 movies.

it simply sells to foreign markets, but is also actively engaged in diversifying capital investments, so cenr is ahead of the rest of the planet in terms of direct investments in other territories, while paying attention not only to developed, but also to developing countries. a clear example is africa, which beijing has been actively conquering since the beginning of 2000 and now occupies a dominant position on the continent. exports to the region grew to $110 billion. china's population exceeds 1,400 million. and domestic consumption is an extremely important element of development. potential there are four times more buyers in china than in the usa and 10 times more than in russia. according to official data, consumer spending accounts for more than 70%

of the country's economic growth. china seriously took a course based on the domestic market after the global crisis of 2008-9, when global demand was seriously lacking. decreased, showing the vulnerability of the export-oriented model. this became a strategy against the backdrop of the coronavirus pandemic in 2020, in the form of a plan to build a dual circulation economy. this course is largely aimed at reducing the dependence of the chinese economy from external factors against the backdrop of the unfriendly policy of the united states, which is trying to involve close partners, including the eu, in it. one of the largest markets for chinese products. at the same time, the chinese authorities are trying to actively stimulate demand for. the development and reform commission even released a special document containing a number of measures that should help residents spend money, even in rural areas through e-commerce and delivery centers. for example, expanding paid leave. in china, its duration is 10 days, one of

the shortest in the world. and the opportunity is not available to all citizens. also extending benefits for buyers of electric vehicles, improving infrastructure and conducting mass consumer purchases. events, the document recommends that the authorities encourage the consumption of catering services by holding food festivals, creating restaurant streets, and extending the operating hours of cafes and restaurants. with a gdp of $18 trillion, it was only a matter of time before china established a powerful auto industry. it was built from scratch in just some 20 years. now cars from heaven are the most desirable in the world. in the first half of 2000.23, china became the world's largest exporter of cars, compared to 2022, an increase of 58% - that's 1,70,000 units. by the end of the year , analysts are confident that the figure of 4 million cars will also be reached. the car of the future will

mainly come from china, says industry expert ferdinand dudenhöffer. it is a wise strategy to first establish a foothold in the domestic market and then expand step by step. the chinese feel their way forward, they are already relatively strong in eastern europe, and also have some strength in england. they are just now coming to germany. at the same time , within the country, the same program for activating demand also affects this industry. it was decided to optimize or pause restrictions on the purchase of cars with internal combustion engines in the country, to promote the complete abolition of restrictions on the movement of used cars and to facilitate transactions with them. local authorities have been given instructions. the economy is also spurred on by high competition; in china it is simply incredible. according to different according to data, from 10 to 16

thousand companies are registered per day, every 4 days the formation of a unicorn business with a capitalization of $1 billion is recorded. at the same time , 40% of the chinese economy is... in the digital sphere. large-scale investment in infrastructure is another distinctive feature of the chinese model, which also generates employment. demand efficiency. today, the prc has built more than 20,000 km of high-speed railways, half of the world's length. cities in the desert, a giant hydroelectric power station, a new fourth generation nuclear power plant, not the least role and only at home, the chinese academy of sciences plays in this matter, helping in the implementation of large economic projects. almost all over the globe, the chinese government, chinese companies and local businesses. partners are building highways, designing high-speed railways, yes...