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A new report by the United Nations finds that China has become the most popular country for establishing research and development (R&D) facilities.
Specifically, in recent years 61 percent of foreign companies have set up R&D facilities in China, compared to 41 percent in the U.S. and 29 percent in India. Furthermore, nearly all of the world’s major technology players have invested heavily in China, with some $7.7 billion in foreign direct investment made in 2005 for the manufacture of telecommunication, computer, and other electronic equipment.
The report also states that the massive amount of foreign direct investment in China has helped develop local talent in high-tech industries and is also encouraging many overseas students to return for employment opportunities.
Specifically, in recent years 61 percent of foreign companies have set up R&D facilities in China, compared to 41 percent in the U.S. and 29 percent in India. Furthermore, nearly all of the world’s major technology players have invested heavily in China, with some $7.7 billion in foreign direct investment made in 2005 for the manufacture of telecommunication, computer, and other electronic equipment.
The report also states that the massive amount of foreign direct investment in China has helped develop local talent in high-tech industries and is also encouraging many overseas students to return for employment opportunities.
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