Wandering China

An East/West pulse of China's fourth rise from down under.

Foreign companies eye new ‘opening-up’ [China Daily] #RisingChina #GrowthModel


A packed piece from China Daily online – the China dream translated in economy mode. Catch up or lose out on rising China’s winds of change.

– – –

Foreign companies eye new ‘opening-up’
By DING Qingfen and LIU Jie
Source – China Daily, published June 24, 2013

20130626-102645.jpg

A model of Nanjing Software Park. Multinational companies are rushing to set up research and development centers in this kind of high-tech parks around China. [Provided to China Daily]

High-end industry, research and development are biggest attraction

Over the past three decades, many foreign companies set up manufacturing facilities in China because of the country’s low labor costs, turning the world’s most populous nation into a global factory.

That is now looking like history.

Please click here to read the entire article at the China Daily.

As China pledges to turn itself into an innovative economy as part of a transformation in its economic growth model, encouraging foreign companies to invest in high-end industries, the world’s second-largest economy is gearing up for a move into the upper end of the global chain.

For Alain Merieux, founder of the global in vitro diagnosis company BioMerieux, a very recent trip to China was fruitful.

As a member of the business delegation accompanying French President Francois Holland, who paid his first ever official visit to China in late April, the 85-year-old witnessed the signing of a cooperation agreement on biological sample extraction with Shanghai municipal government, announcing the French company would expand its research and development capability, as well as its manufacturing facility, in the city by the end of this year.

BioMerieux moved its Asia-Pacific headquarters to Shanghai in 2005 and established two R&D facilities in 2007 and 2010.

Merieux said in an interview with China Daily that what is motivating the French biomedical company to add more muscle to its R&D lies in the more innovation-friendly environment that China is committed to creating.

The innovation environment in China has improved and the nation is “paying much more attention to innovation and has issued a string of encouraging policies”, said the founder. “It also created a sound environment for Sino-foreign cooperation, which was rare decades ago.”

Merieux also cited figures. Because of its shrinking domestic market, “France is to consolidate diagnosis-related laboratories to 800 to 1,000 from the current 4,000 by 2016 but, in China, it will build and renovate 11,000.

“You can see the big difference and how China is passionate about innovation,” said Merieux…

More at China Daily… – – –

Please click here to read the entire article at the China Daily.

Advertisements

Filed under: Beijing Consensus, Charm Offensive, China Dream, Chinese Model, Communications, Culture, Domestic Growth, Economics, Finance, Government & Policy, Ideology, Influence, Infrastructure, Modernisation, New Leadership, Peaceful Development, Public Diplomacy, Reform, Resources, Social, Soft Power, Strategy, Tao Guang Yang Hui (韬光养晦), Trade, Yuan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 2,575 other followers

East/West headlines of Rising China

East/West headlines of Rising China

About Wandering China

Click to find out more about this project

Support //WC

Support Wandering China now - buy a Tee Shirt!

Be a champ - Support Wandering China - buy a Tee Shirt!

The East Wind Wave

China in images and infographics, by Wandering China

China in images and Infographics, by Wandering China

Wandering China: Facing west

Please click to access video

Travels in China's northwest and southwest

Wandering Taiwan

Wandering Taiwan: reflections of my travels in the democratic Republic of China

Wandering China, Resounding Deng Slideshow

Click here to view the Wandering China, Resounding Deng Slideshow

Slideshow reflection on Deng Xiaoping's UN General Assembly speech in 1974. Based on photos of my travels in China 2011.

East Asia Geographic Timelapse

Click here to view the East Asia Geographic Timelapse

A collaboration with my brother: Comparing East Asia's rural and urban landscapes through time-lapse photography.

Wandering Planets

Creative Commons License
Wandering China by Bob Tan is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Based on a work at Wanderingchina.org. Thank you for visiting //
web stats

Flag Counter

free counters
Online Marketing
Add blog to our directory.
%d bloggers like this: