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China spends big on IPR royalties, values innovation more

Sci-Tech

China has been lavishing money on intellectual property right (IPR) royalties with a 20-year streak of double-digit growth amid efforts to close a longstanding gap in technology and innovation.

XinhuaUpdated: April 12, 2019

Photo taken on Nov. 1, 2018 shows the i5 intelligent jewelry processing workshop at Shenyang Machine Group in Shenyang, capital of northeast China's Liaoning Province. [Photo/Xinhua]

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