R&D rev up in China
Under the adversary of financial crisis, however, we also receive some good news from time to time. According to the recent report from the United Nations, China has successfully surpassed its main opponents the U.S and become the world most attractive destination for the research and development (R&D) investment. Meanwhile, the report also reveals that there are more 60% of the multinational companies setting up R&D centers in China, which has a long lead on this realm. What is more, the contribution of R&D investment as a percentage of China’s GNP has turned to 1.5 % instead of the 0.6 % in 1996. What the achievement enlightens to us is not only the great leap in economy, but also the innovation about the notion of people in China. We respect the science and technology than any time in history and we try to provide the suitable environment for the development of the research and development investment. Some experts even assert that if the companies have not set up R&D research center in China, they would do so soon.
However, as the old saying goes that Rome wasn’t built in a day. In order to set up a high efficiency and highly profitable R&D center, there should be several key features. To begin with, the R&D center might hire the employees who know the research area well and undertake any requirements from the headquarter. Secondly, the leader of the R&D center should own the strategic vision, which means that he or she must know the cutting edge of the technology and work out the method to carry out the new ideas; at least they should have enough experience. Thirdly, as the development of the enterprise and the theory of the enterprise management, the employees who work in R&D center should understand not merely the business, but also master the communication skills and management science. Above are factors contributed to the progress of the R&D centers.
Although we cannot estimate how long will the financial tsunami last, we can imagine that it is a trend for joint-ventures to open their R&D centers in China.
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