Business Process Outsourcing News and Information

Can innovation be outsourced? In the intense marketplace when a product gets a magical run, most of the times more than marketing and promotion, logistics and distribution, its creative invention (or product innovation) which becomes responsible. Naturally, big companies worldwide spend huge amount on R&D so to be ahead of others in the game. Outsourcing along with dozen other services is also playing a role here. Companies are setting up R&D centers in offshore countries, mainly in China.

If you wonder if multinationals get required talents in China which sends its best students overseas each year. It is believed that one fourth of foreign Ph.D. candidates in the US are Chinese. But the country is also luring back its best talents, in the last few years 170,000 Chinese after studying and getting significant work experience in US have returned, 30,000 of them returned alone in the last year.       

Forbes reports,

the country's R&D is getting a keener edge. China has just passed Germany to stand fifth in international new-patent rankings. Last year China spent more than Japan on R&D for the first time, according to the Organization for Economic Co-operation and Development. Only the U.S. spends more. In the last decade, R&D has more than doubled as a share of China's gross domestic product.