British media: the scale of foreign R & D investment in China exceeds that of the US pharmaceutical industry

Source: according to British media on July 24, 2015, with the rising labor cost in China and the steady flow of foreign direct investment (FDI) into China, China's status as a major destination of foreign investment in manufacturing industry began to decline, but China's role in attracting higher value foreign investment projects, such as projects related to research and development, began to decline ——Quite successful China is becoming a research and development center, in line with the efforts of the Chinese government to promote innovation and the actions of Chinese enterprises to catch up with western competitors, the Financial Times website reported on July 23 China has caught up with the US in attracting foreign R & D investment, according to research by FDI markets, a data services unit of the financial times From January 2010 to December 2014, China attracted 88 green R & D projects from foreign companies and 91 from the United States; these projects in China are estimated to involve 5.5 billion US dollars in capital investment, more than twice that of the United States In other words, since 2010, China has attracted the largest amount of foreign investment in green space in the field of R & D in the world, and the number of projects is the second in the world In 2014, FDI markets tracked 11 R & D projects attracted by China, valued at $1.3 billion, compared with 17 projects in the United States, with a total value of $327 million In 2013, China attracted nearly US $1.4 billion in investment in 24 R & D projects In that year, the global green space R & D investment continued the downward trend since 2011 The pharmaceutical industry is China's top R & D investment area, attracting us $1.6 billion in investment in 2014 Business machines and equipment ($817 million) and consumer electronics ($540 million) are ranked second and third, indicating a healthy distribution of research intensive activities across key industries US companies are the most active foreign companies investing in R & D in China - last year, 32 US companies spent $1.6 billion on 36 projects in China, according to FDI markets At present, Chinese domestic enterprises are increasing R & D expenditure and helping to lead the new trend of global R & D expenditure mode and innovation activities According to a study by strategy, a consultancy, North American, European and Japanese companies still dominate global R & D spending, but their respective share is either no longer growing or declining The number of companies headquartered in China on the strategy & Global Innovation 1000 list increased from 8 in 2005 to 114 in 2014; Chinese companies' R & D spending rose 46% last year, compared with a single digit growth rate in North America and Europe In China, R & D projects funded by the government are also increasing, as the Chinese government hopes to rapidly improve the position of its economic activities in the value chain At present, it seems that China is about to complete this "Climbing" stage.