Foreign Company R&D: In China, For China.

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    • Abstract:
      The article reports on China's plan to encourage mass innovation and foster a new engine of growth for the Chinese economy. This model was introduced by Chinese Premier Li Keqiang at the 2014 World Economic Forum in Davos, Switzerland, which will be vital to the successful transformation to a consumption-driven, service-based economy. China's plan to move up the value chain is assisted by foreign company research & development (R&D) activities.