05 October 2010 23:41 [Source: ICIS news]
MONTREUX, Switzerland (ICIS)--China plans to boost its own research and development (R&D) programmes in science and technology, reducing its dependence on foreign technology, an industry analyst said on Tuesday.
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Zedtwidt spoke at the World Detergents Conference in Montreux, Switzerland, which ends on Thursday.
He added that in 2008, the US R&D budget was 2.8% of its GDP, and Europe’s R&D budget was 1.8% of GDP.
More than 50% of current Chinese college students are in the science, engineering and pharmaceutical and agronomy fields, Zendwidt said. About 36% of Chinese students take up engineering.
“It is more difficult to get into Tsinghua University than Harvard or the Massachusetts Institute of Technology,” Zendtwidt added.
Foreign companies are also increasingly setting up research centers in China, he noted. There are currently more than 1,200 R&D centers now set up in the region, he said.
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