China is becoming a true global innovation hub for multinational corporations from developed markets, a survey has found.
Two-thirds of MNCs reported that they are conducting research and development activity in China for foreign markets, and more plan to follow suit, according to consultancy Booz & Co.
Booz conducted the research in conjunction with the Benelux Chamber of Commerce in China, the 21st Century Business Review and the China Europe International Business School.
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