国内英语资讯:China-Europe high-tech cooperation benefits both sides_时事

国内英语资讯:China-Europe high-tech cooperation benefits both sides

Chinese companies have been pouring resources into research and innovation over the years and led the world in certain fields, which is the primary cause of the technical exchange reverse, said Mats Harborn, president of the European Union Chamber of Commerce in China.

"European companies used to invest in China for its cheap labor force, but now they come to acquire new technologies," he said.

Official data showed that in Guangdong Province, China's manufacturing hub, R&D investment accounted for 2.58 percent of the total output value in 2016, which was close to the level of developed countries. The southern province has nurtured world-class factories in some emerging industries such as drones, intelligent robots and OLED.

Thomas Schmitz, president of Andritz (China) Ltd., said his company has built a close relationship with local scientific research institutions and invested 3 percent of its revenue in R&D.

Andritz has over 200 employees in China engaged in research and new products design. They completed 155 research projects and obtained 34 patents over the past three years. The company co-developed a new system for garbage disposal and recycling with a local Guangdong company.

"Guangdong is no longer a place for low-end trade or a world factory for cheap digital products," he said.

Exchange of scientific research staff has also become more frequent. China has signed many cooperative agreements with universities and research institutions in Germany, France, Britain and other European countries.