European companies still shy away from l • Table.Briefings

The localization efforts of European companies’ research and development in China are still in their infancy. That was the finding of a study by the on-site EU Chamber and Merics, which spoke to local companies. There are several hurdles to the expansion of R&D in the People’s Republic, even though many could benefit from tax breaks.

This press conference marked the end of an important era in European-Chinese relations: It was the last one for Joerg Wuttke, after ten years as head of the EU Chamber of Commerce in China: „This is the end of the show, thank you very much,“ was his last sentence at the presentation of the study „China’s Innovation Ecosystem – The localisation dilemma“ in Beijing last Friday.

European companies still shy away from local innovation

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