Foreign R&D centers in Beijing log surging R&D expenditures in January-August
A total of 121 major foreign-funded research and development (R&D) centers in Beijing invested 13.77 billion yuan (about 1.92 billion U.S. dollars) in R&D in the first eight months of 2024, up 29.9 percent year on year, local authorities said Thursday.
The Chinese capital is currently home to 252 regional headquarters of multinational companies and 149 foreign-funded R&D centers, according to the municipal government.
Li Yang, secretary-general of the Beijing Association of Enterprises with Foreign Investment, noted that major foreign firms are optimistic about China’s long-term growth prospects and continue to regard the country as a preferred investment destination.
To improve its business environment further, the Beijing municipal government has implemented more than 1,500 reform measures and updated its regulations on business environment optimization over the past few years.
On July 1, Beijing’s first special regulation on foreign investment took effect, highlighting the city’s efforts to promote further opening up and boost its appeal to global investors.
Reference Link:- https://english.news.cn/20241129/08969144c73e40f3b26ba2cf106dd0c1/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
