NANJING, March 30 (Xinhua) -- China has been rapidly advancing its industrialization and the commercialization of sci-tech innovations in recent years, fostering a significant number of "hidden champions," which has injected fresh momentum into the upgrading of global industrial chains and contributed to sustainable development, said Hermann Simon, a renowned German economist.
Known as the father of the "hidden champions" theory, Simon defined the German "hidden champions" as enterprises engaging in niche markets, mastering core technology and securing the majority of the market share.
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