Foreign Firms Accelerate Research And Development Investment in China

More and more foreign firms are building R&D and design centers in China taking advantage of the country's tech, infrastructure, and advanced manufacturing. Data from the country's Ministry of Commerce shows that in Q1 this year, actual foreign investment in high-tech services surged by more than 125 percent compared to last year with research and development and design services leading that increase. The CEO of a Danish multinational pharmaceutical company praised Shanghai as an incubator city with all the necessary parts to turn ideas into reality. As of March, Shanghai had 647 foreign-invested R&D centers, 15 added this year. Beijing meanwhile has 332 foreign-invested R&D centers, with 55 new centers added this year. A recent report from PricewaterhouseCoopers shows that 42 percent of multinational corporations surveyed plan to invest in China for their R&D needs in the next two years. Welcome to subscribe us on: Facebook: https://www.facebook.com/NewsContent.CCTVPLUS Twitter: https://twitter.com/CCTV_Plus LinkedIn: https://www.linkedin.com/company/cctv-news-content Instagram: https://www.instagram.com/cctv_video_news_agency/ TikTok: https://www.tiktok.com/@cctv_plus Video on Demand: www.cctvplus.com If you are in demand of this video footage, please contact with our business development team via email: [email protected], [email protected]