|Adrian Darylle Torralba |||Jun 23, 2015 04:33 AM EDT|
(Photo : Reuters) In their quest to be the country of innovation, instead of factories, China poured its investments in U.S. research and development, causing a surge of patents in order to have ownership of the research and invention.
In their quest to be the country of innovation, instead of factories, China poured its investments in U.S. research and development, causing a surge of patents in order to have ownership of the research and invention.
According to Reuters, the American research hub have not encountered such demand for information on innovations until today. In fact, Huawei Technologies HWT.UL and ZTE Corp have been seeking the Unite State's services in developing software for their mobile services, as well as internet installations, that will boost the services of their mobile phones.
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Pending talks between the two powerful countries are set to be scheduled in Washington, and one of the main topics that will be discussed is how to strengthen their ties through their bilateral agreements on economic and security stability.
Even in the absence of a treaty, where China is not obligated to invest in the United States, the Asian country is said to have invested billions in the sector of research and development in the United States. In comparison, the last three years as compared to 2014, set a record high of 910 Chinese patents that involved American researcher in the invention.
According to Vincent Xiang of Humanwell Healthcare Group, "We have established a beach head, without access to innovation, it is hard to win in the domestic market." Despite the increase on research and development investments in the United States by the Chinese government, Beijing still feels that their products are being "singled out," when it comes to safety inspection as well as security breaches.
According to William Plummer, Huawei's spokesperson, "Huawei has occasionally found itself caught in the middle of geopolitical tensions between Washington and Beijing." In their defense, Bardaley Gillenwater of the U.S. said, "China being China, we don't do aerospace or defense. But biotech is a big deal."
The CNPDS or Chinese National Patent Development Strategy is looking forward on developing more innovations in the sector of clean energy vehicles, biotechnology, alternative energy, energy conservation, high-end manufacturing equipment, broadband infrastructure and the sector of high end semidonductors.
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