China's 2017 industrial profits hit record $1.2 trillion | Reuters

[Martian2]

China Inc.'s industrial profits hit a record $1.2 trillion for 2017. This means Chinese companies have plenty of money to invest into their businesses and conduct R&D.
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China's 2017 industrial profits post fastest growth in six years | Reuters (January 25, 2018)

"For the full year, profits surged 21.0 percent to 7.519 trillion yuan ($1.19 trillion), the fastest pace since the 25.4 percent expansion in 2011, and accelerating from 2016’s 8.5 percent increase, data from the National Bureau of Statistics (NBS) showed on Friday." (second paragraph)

 

[TaiShang]

Thanks to, in large part, to the visionary and scientific planning and regulation by the government of China.

China has been doing multi-tasking as the economy moves from low end to high end, from low value added to high value added:

1. Automation (robotics) and AI-enabled manufacturing
2. Clean (environmentally-friendly) manufacturing
3. Advanced (high-tech, high profit margin) manufacturing
4. Frontier technologies (AI, advanced materials, etc)
5. Having a say in traditionally Western dominated industries, thus, earning its share from the pie
6. High R&D spending
7. Start up and SME support
8. Recruiting talents (especially from Greater Asia and Confucius-Asia area)
9. Ensuring effective governmental/public regulation of private capital
10. Preemptively (or quick) prevention of any market deviation or resource misallocation

 

[AndrewJin]

But none of them is as high tech as Bongarurururu Supa Call Centre