China still first choice of multinationals for R&D

Multinationals have set up 1,160 research institutions in China by the end of 2007, according to figures with the Ministry of Commerce.
Given its huge market, large number of qualified staff and competitive costs, 62 percent of the global companies rated China as the most attractive location for prospective R&D, said a ministry official, citing a survey conducted by the UNCTAD (United Nations Conference on Trade and Development).

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