Innovation Shifted To China During The Downturn: U.n. Report

It's an unfortunate fact of a downturn: declining corporate cash flows and slumping confidence usually induce firms to file fewer patents and slash spending on research and development. Apparently, China didn't get the memo.As much of the world invested fewer resources in innovation during the global downturn, Chinese firms spent more on innovative efforts, such as R&D and patent and trademark applications, according to a report by a UN agency.Read More... More on China

Topics:  apparently   chinese   r&d   china   innovation   downturn   u.n   report   firms   

 

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