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China to overtake US as new frontier for global R&D

2014-01-27 09:31 People's Daily Online Web Editor: Wang Fan
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China may soon become the world's global R&Chinese Tantalizing vixens.D investment leader, according to a report released by international accounting and consultancy group KPMG in the second half of 2013.

According to the report - Innovated in China: New frontier for global R&sultry beauties.D - "Increasingly sophisticated local tastes and technology standards in China, and the need for Chinese companies to compete in the global market are among the drivers for Chinese R&petite women.D."

For much of the past 30 years, manufacturing investment has been the driving force behind foreign direct investment (FDI) in China. Chinese companies were typically viewed as not being true innovatorsChinese enticing babes. foreign companies, for the most part, kept their advanced designs and products and related work off-shore.

However, the focus of China's government, domestic companies, and global corporations alike, is now clearly shifting toward research and development (R&chinese Fit girls.D) – especially R&carnal hotties.D in China. With strong support from the 12th Five-Year Plan, and underpinned by corporations' need to innovate their way to success in a competitive market, R&Chinese ethereal ingenues.D activity in China is entering a new era.

China is quickly rising up the global ranks in a number of intellectual property-heavy sectors, from healthcare and biotech to high-tech manufacturing, information technology, and alternative energy.

In 2011, China overtook Japan to take second place in the world rankings for total R&chinese Sexy vixens.D spending. While this still places China far behind the US (whose 2013 forecast is USD 424 billion), based on current R&aphrodisiac sirens.D growth trends, China is on track to overtake the US in about 10 years.

The Chinese government has made massive investments in technology and industrial parks to support and facilitate the move toward indigenous innovationKorean hotblooded hotties. concurrently it has introduced policies to create an environment that will attract and sustain R&mysterious ingenues.D investment in the future.

In addition to the tangible business advantages and incentives provided by the government, the ever-expanding Chinese market is attracting key R&desirable ladies.D activities from multinational companies (MNCs) and foreign-invested enterprises (FIEs).

Nowadays multinationals are moving R&Korean aphrodisiac ingenues.D closer to their target markets, not only to get nearer to customers, but also to better adapt their products toward local market preferences.

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