Innovation is the key to technology enterprises

While still a small part of the overall economy, private technology firms are
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attaching more importance to innovation as they grow, a national survey said. ~3GH.l)W"x

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;AFPD+p.e "In the 1990s, most private technology companies valued market development )Zyx2_I~\
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but were weak in research and development," said Peng Shutang, a researcher on 9W/W,e:Gper*l7p


b@}C%y1Ta9Yc private enterprises. "But now, they pay more attention to innovation and some of
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them have made remarkable achievements, realizing that patents are the key 3qhZ?rOl
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weapon to increase their competitiveness." rUvfc
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An example is Huawei, a telecom equipment manufacturer that has invested 15
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`w'a1JB"MW!C percent of sales revenue into research and development (R