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China Preferred for R&D

Insights · 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.

    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.

    Category
    Business & Economy
    Nikolas Badminton – Chief Futurist

    Nikolas Badminton

    Nikolas is the Chief Futurist of the Futurist Think Tank. He is world-renowned futurist speaker, a Fellow of The RSA, and has worked with over 300 of the world’s most impactful companies to establish strategic foresight capabilities, identify trends shaping our world, help anticipate unforeseen risks, and design equitable futures for all. In his new book – ‘Facing Our Futures’ – he challenges short-term thinking and provides executives and organizations with the foundations for futures design and the tools to ignite curiosity, create a framework for futures exploration, and shift their mindset from what is to WHAT IF…

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