Emergic: Rajesh Jain's Blog

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China a Magnet for Global R&D

March 16th, 2006 · No Comments

WSJ writes:

Multinational companies, drawn by a huge and inexpensive talent pool, are pouring money into research and development in China — a trend that promises to broaden the country’s huge role in the global economy.

The total number of foreign-invested R&D centers in the country has surged to about 750 from 200 four years ago, according to China’s Ministry of Commerce. And in a survey of multinationals published in September by the United Nations Conference on Trade and Development, China was by far the most frequently cited location for R&D expansion, well ahead of the U.S. and third-place India, China’s chief rival as an emerging innovator.

Still, China’s growth as a global R&D hub faces some constraints. Among them is the country’s weak protection of patents and other intellectual-property rights. That has encouraged some foreign companies, fearful of risking their trade secrets, to keep more cutting-edge research out of China, analysts say.

Tags: Emerging Markets

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