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The Ministry of Industry and Information Technology of China announced that it will proactively accelerate its efforts to identify and nurture small and medium-sized enterprises with strong growth potential, rather than waiting for them to apply. It will work to enhance support mechanisms for companies utilizing specialized technologies to produce new products, with a focus on innovation and technological development. Additionally, it will strengthen support programs and services, encouraging companies to invest in research and development and achieve technological progress, with an emphasis on improving products and supply chains to increase resilience and promote sector growth.
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