China's manufacturing industry tops the world in terms of overall scale in 2024

China has cultivated more than 140,000 small and medium enterprises (SMEs) that use specialized and sophisticated technologies to produce original and unique products, 14,600 "little giant" enterprises, which refer to SMEs that normally specialize in niche sectors, command high market share and boast strong innovative capacity.

Over 570 of China's industrial enterprises have made it into the global top 2,500 companies in R&D investment, accounting for nearly one-fourth of the global total.