Business Services Industry
CHINA: FIRMS SHARPENING THEIR INT. COMPETITIVENESS THROUGH INNOVATION.
IPR Strategic Business Information Database, January, 2006
According to fdi.gov.cn: Huawei Technologies spends 10% of its annual sales on research and experiments each year. It is extremely rare for a Chinese company. The company currently in possession of 1028 patents already takes up 32% share in the global exchanger market. It has secured the highest sales for three consecutive years.
Huawei also became a successful model for Chinese companies seeking to establish themselves through innovation. Chinese president Hu Jintao said at a national conference on science and technology that companies played a main role in market competition and technological innovation. China must nurture a large number of companies capable of independent innovation and creating proprietary IPR. Huawei president Ren Zhengfei said, "A company...
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