China Targets R&D Expansion

Here is just another reminder that China aims to be a leader in the global technology and knowledge economy.

China is expected to become a very important centre of research and development for multinational companies, thanks to its robust economic growth and a rich pool of talented people, according to a senior Japanese company executive.

Already an economic powerhouse in the world economy, "China is going to be very important for R&D (research and development)," Teruaki Aoki, senior executive vice-president of Sony Corp, told China Daily in an interview.

More here.