China spent an amazing $163bn on R&D last year. Even more amazing, thats an 18% increase on the previous year.
The sheer size of the resources that China now devotes to R&D means that businesses in the west cannot afford to ignore rise of China’s science-based industries. (continue reading…)
Should western workers fear China’s rise as a hi-tech nation? The question is topical as Alcatel-Lucent, the struggling French telecoms manufacturer, has just announced 10,000 job cuts, the latest round of losses in an industry that has seen the rapid rise of Chinese competitors. (continue reading…)
ChinaSoft International, a Chinese IT solutions and outsourcing provider, plans to create a regional HQ in Shanghai’s new Free Trade Zone to get closer to the financial institutions that will make FTZ their home.
Magic Software, a Nasdaq-listed Israeli software company specialized in integration software, has signed a partnership with China’s United Electronics Company to resell Magic’s products in mainland China, HK, Macau.
The partnership agreement for licenses, maintenance and support is worth nearly $1,000,000 over five years. (continue reading…)
Business is booming for Foxconn, the controversial hi-tech contract manufacturer that supplies Apple.
It plans to expand its facilities in China by opening a high-tech manufacturing facility in south China’s island province of Hainan. The Taiwanese firm’s existing facilities in China are all on the mainland in cities such as Shenzhen and Chengdu.
This story will run and run. Allegations of poor working conditions at the Chinese factories that build Apple’s iPads and iPhones have been made on a number of ocasions. But the latest set of acusations, broadcast on US public radio show This American Life in January, have been questioned and the show has retracted the episode, called “Mr Daisey and the Apple Factory”. (continue reading…)
All roads lead to Hong Kong, at least the digital ones do. HK’s strategic location on the mainland’s doorstep combined with its business-friendly regime make it the idea place for a data centre hosting business.