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China Preferred for R&D

By Glen Hiemstra | February 8th, 2008

It turns out that China is emerging as the preferred global location for doing research and development.

Here are some key facts as summarized at Angry Bear blog.

  • Sixty-two percent of global companies ranked China first “as the most attractive location for prospective R&D.”
  • Multinationals have set up 1,160 research institutions by the end of 2007.
  • Total revenue of the hi-tech industry (foreign companies) exceeded 706 billion U.S. dollars.
  • Patent applications as of 2006 put China fourth in the world.
  • 40% of those applications came from foreign companies

    • The original article.

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    2 Responses Feed for this Entry Trackback Address

    1. 1 PredictionBoy on Apr 12th, 2008 at 6:54 am

      I prefer China for all my R&D needs

      surprisingly affordable, with just a hint of dictatorship

    2. 2 Glen Hiemstra on Apr 12th, 2008 at 1:10 pm

      Yeah, well there is that, isn’t there. But then if that was the only standard, we’d have to stop buying all that Saudi oil. Oops.

      World is complicated.

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    This post is titled China Preferred for R&D and was published on Friday February 8th, 2008 at 1:44 pm.

    It is filed under Business & Economy and has 2 responses.

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