Core Insights - The importance of research and development (R&D) is emphasized as a critical factor for companies to escape intense competition and explore new growth opportunities in less saturated markets [1][2][3] - The commitment to R&D has led to significant technological advancements for companies like Harbin Electric Group, which has achieved over 280 "firsts" in various fields, showcasing the value of innovation [1] - China's focus on technological innovation is reflected in its increasing R&D investment, which now accounts for nearly 2.7% of GDP, surpassing the EU average and approaching the OECD average [2] Group 1 - Harbin Electric Group's refusal to abandon R&D for production contracts has been pivotal in maintaining its competitive edge and innovation leadership [1] - The company has made breakthroughs in advanced technologies such as ultra-supercritical reheating units and nuclear main pumps, contributing to its status as a global industry leader [1] - The contrast is drawn with other leading companies that have fallen behind due to reduced R&D efforts, highlighting the risks of neglecting innovation [1] Group 2 - The Chinese government emphasizes the necessity of independent intellectual property and core technologies for companies to remain competitive in the global market [2] - The industrial robotics sector in China has maintained its position as the largest global market for 12 consecutive years, supported by a significant share of effective patents [2] - The increase in effective invention patent applications, which reached nearly 5 million with a growth rate of 12.8%, indicates a strengthening of the innovation ecosystem in China [2][3]