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THE TIDE OF TECH
Geometry Healthcare, a Beijing-based manufacturer of intelligent health monitoring products, has focused on producing self-developed intelligent toilets that can monitor users’ health. The company is already cooperating with domestic home furnishing brands and nursing homes, and seeks to export its products in the third quarter this year. Many foreign businesses are reaching out to the manufacturer in the hopes of collaborating.
China’s progress is not limited to the manufacturing of consumer goods. It has also made worldleading achievements in cutting-edge fields including aerospace, biotechnology, quantum computing, 5G and high-speed trains, and is catching up in chipmaking, new materials and integrated circuits.
Data from the Ministry of Science and Technology (MOST) showed that 169 state-level hitech zones contributed about 13 percent of China’s GDP in 2021, using only 0.1 percent of its land area. Its spending on research and development (R&D) rose 14.2 percent year on year to 2.79 trillion yuan ($441.66 billion) last year, a record 2.44 percent of GDP.
