China has become a global innovation hub thanks to significant investments in research and development. Experts from different countries go there to study new achievements, report Financial Times Newspaper.
Volkswagen Group introduced self-driving car technology in China in 18 months. In Germany, this can take up to 4.5 years due to disputes and negotiations. Experts note that Chinese cars have excellent quality and technology.
China has surpassed the US in science spending since 2015. The number of research institutes and personnel in this field has increased significantly.
The focus is on application areas such as new materials, 5G, batteries and energy devices. These technologies are important for strategic purposes.
