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.
Glen Hiemstra is a futurist speaker, consultant, blogger, internet TV show host and founder of Futurist.com. To arrange for a speech contact Futurist.com.