China Daily: New era for R&D

China is increasingly spending more on research and development with a target of becoming a global leader in technology by 2013. Peter Williamson, Honorary Professor of International Management at Cambridge Judge Business School, commented: “The picture is changing gradually from the past emphasis on doing incremental research faster and cheaper than elsewhere. It is wrong to think that a country can just take a leap from incremental innovation to blue-sky research and breakthrough innovation. It is a gradual process because it requires a change in mindsets and the building of new and different capabilities.”

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