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Innovation in China: A Vibrant Ecosystem for EU Cooperation
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European companies have long since recognised that China’s R&D ecosystem is increasingly vibrant and has many advantages over the rest of the world. Among the advantages most commonly cited are the number and variety of collaboration partners, as well as inventive scientists and researchers. Wide praise from European investors also extol the size of the market and the fast pace of commercial application of R&D results. As the nature of China-based R&D activities matures, so too have the attitudes of European companies, which had previously viewed innovation in China as almost exclusively for localization of products developed in their home markets. Let’s take a closer look at how innovative companies in China operate on the ground and how European companies are faring in this highly competitive market.
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