High Tech and manufacturing in China

1. High Tech and manufacturing • in China

2. How High Tech is China today? Some indicators that China is on route to becoming a world leader in science: • China has the world’s fastest supercomputer. Yes, chips are made by Intel, but Chinese experts made them work together. • Chinese scientists developed the world lightest material ever. • In 14 years China went from having 1% of world’s gene sequencing capability to almost having 50%. • National spending on R&D keeps on rising (18% from last year). • Patent filings are growing even at higher rates. • By 2020 China will produce more graduates than US and EU combined. • In that year China will also publish more papers than the US. However it is also possible to have a different view: • A recent study estimates that only 10% of Chinese engineering graduates meet international standard of employability. • China has been called a “fast follower”, swallowing others’ advances, quickly catching up but never leading. • China is driven by “techno-nationalism”, where China desires to secure a “absolute (technological) advantage”. Source: TWA & NESTA

3. Market Opportunities in China

5. Manufacturing – new trends in this sector • Focus on development High tech • Up the value chain • Environmental issues start to play a stronger role • Strong increase labor costs- Growing automation in manufacturing processes - More focus on the domestic market • More international collaborations- Collaboration/ownership European R&D • ‘Branding’ is becoming more important (slowly) China PMI 2012-2014 Source: Markit Economics Source: Economist Intelligent Unit

6. Innovation Attaché / http://news.nost.org.cn/ Research latest development Science and Technology in China Mapping technology trends Indentify potential knowledge partners Set up contact with Chinese partners Organize and support technology mission (group & individuals) Provide advise on collaboration projects Stay up to date on the latest tech news in China: http://news.nost.org.cn