Overview of Innovation and R&D in China

R&D and Innovation in China | GlobalTaixue
According to the last United Nations reports, China surpassed the United States and India in 2007 to become the world’s most attractive destination for research and development (R&D) investment. There are now approximately 1,000 R&D centers in China (of which 50 percent are attached to companies in the technology sector), and this number continues to rise thanks to the ongoing investment by multinational corporations (MNCs), the increasing need to be close to the local customer base and low labor costs.

Likewise innovation is occurring in China in both the business-to-consumer and business-to-business sectors. Many multinational B2B competitors are very aware of the innovative advancement the Chinese are making in sectors such as communications equipment, biopharmacy, alternative energy and IT. Chinese authorities consider innovation critical both to the domestic economy’s long-term health and to the global competitiveness of Chinese companies. And the country has already created the seeds of more than twenty Silicon-Valley-like innovation hubs within the biotech and life sciences industries.

GlobalTaixue can assist and help designing and developing the companies’ strategic entrance or provision growth in China either it is in the Biopharmacy and Biotechnology, ICT and Clean Tech sector. Under exclusive arrangements and in close collaboration with the client, GlobalTaiuxe dedicates its presence in China, know-how, substantial resources in the country and good relations with the authorities, to successfully develop all facets of the client’s project. Counting on our experienced advisors team, we do not only give advice, but create solutions and customized proposals. GlobalTaixue services include from market research, partner matching and planning of delegations, representation and incubation services, to setting up and general consulting.

GlobalTaixue International Accreditations

European Union SME Centre China CABS Chinese American BioPharmaceutical Society Spanish Chamber of Commerce in China

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