Executive Briefings

China Continues to Grow as Research & Development Hub

Just 15 years ago, China was home to 200 foreign-run R&D centers. Today, multinationals operate more than 1,500 innovation facilities throughout the country - and this number is poised to increase 20 percent by 2018. But this trend involves more than sheer presence.

Over the last 10 years, we've witnessed a dynamic shift in what motivates multinational corporations to set up an innovation shop in China. For many, what began as low-cost support for local operations became an effort to adapt technologies to cater to local market demand. Now, some multinationals are changing course yet again: Having recognized China's rise as a global innovation leader, they are tapping into the country's thriving science and technology knowledge base to pursue fundamental research.

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Over the last 10 years, we've witnessed a dynamic shift in what motivates multinational corporations to set up an innovation shop in China. For many, what began as low-cost support for local operations became an effort to adapt technologies to cater to local market demand. Now, some multinationals are changing course yet again: Having recognized China's rise as a global innovation leader, they are tapping into the country's thriving science and technology knowledge base to pursue fundamental research.

Read Full Article