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News Digest: China’s R&D Growth

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While many people still think of China as simply a low-cost manufacturing base, there is increasing focus on research and development by Chinese companies and foreign investors.

A recent survey conducted by Unctad ranked China third in the list of locations for R&D by transnational businesses. It has also been reported that within five years China will be investing a higher proportion of its GDP in R&D than the European Union, as more western companies relocate their R&D activities.

At the same time, China has been investing heavily in its universities, to make them world leaders in research. There has already been a 5-fold increase in the number of undergraduates and holders of doctoral degrees in China over the past 10 years, and the trend is set to continue with leading Chinese universities recruiting top Chinese-American, and other, specialists.

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(Updated 31/10/05)

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