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Thread: China is no longer the low-cost assembly???
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[quote=YVONNE,245085]For a long time, foreign-invested companies have just taken China as their factory taking advantage of its cheap labour and land. Their Hi-tech products and profits are kept outside China. However, the situation has changed a lot in recent years. Many mutinationals regard the prosperous market as their future hubs of science and technology. According to a report form the OECD (Paris-based Organisation for Economic Co-operation and Development ), foreign research and development takes 25% to 30% of the business R& D in China. This proportion is very similar to that of other European countries. Many giants including General Electric, Microsoft, Intel, Motorola have established their research base in China or have made their plan to. What's more, more and more multinationals is starting to take China as their genuine research center. What does this suggest? China is no longer the low-cost assembly for these multinationals? Do you aggree? [/quote]
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