The article explores how different ways companies get money can affect how much they invest in new ideas. It found that Chinese manufacturing companies don't invest in innovation as much as they could. Getting money from selling shares helps the most, followed by government subsidies. Borrowing money from banks doesn't help innovation much. When the amount of money from selling shares changes a lot, it hurts innovation. Using money from inside the company and government help smooth out these changes. The government should focus on making it easier for companies to get money, setting aside money for innovation, and improving policies to support innovation in manufacturing.