Options
China's changing role as an Innovation Hub for Foreign Companies: What are the opportunities in this changed world?
Type
conference poster
Date Issued
2022-06-07
Author(s)
Abstract
Latest improvements to protecting Intellectual Property (IP) and broadening market access for international investors in China are opening new opportunities for foreign Multinational Corporations (MNCs), e.g., in China’s strategic industries including electromobility, artificial intelligence and automation, and to benefit from China’s large domestic (data) market.
Even though China’s latest policy changes to its IP and investment regimes have clearly improved its business environment, clear risks remain due to China’s evolving and partly unpredictable government policy priorities that may also be impacted in the future by geopolitical tensions such as US-Chinese or EU-Chinese relations.
China’s strategic approach to industry policies also requires policymakers to step up their game in engaging with China to achieve truly mutual market access. For example, the recent EU-China Comprehensive Agreement on Investment is a welcome development in this direction, but it will need to be further substantiated to level the playing field for foreign MCNs in China. For this, it is paramount that policymakers across Europe, the US and China engage in a pragmatic and interest-based dialogue to ensure that incentives can be aligned and opportunities for global innovation can be further enhanced.
Even though China’s latest policy changes to its IP and investment regimes have clearly improved its business environment, clear risks remain due to China’s evolving and partly unpredictable government policy priorities that may also be impacted in the future by geopolitical tensions such as US-Chinese or EU-Chinese relations.
China’s strategic approach to industry policies also requires policymakers to step up their game in engaging with China to achieve truly mutual market access. For example, the recent EU-China Comprehensive Agreement on Investment is a welcome development in this direction, but it will need to be further substantiated to level the playing field for foreign MCNs in China. For this, it is paramount that policymakers across Europe, the US and China engage in a pragmatic and interest-based dialogue to ensure that incentives can be aligned and opportunities for global innovation can be further enhanced.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SoM - Business Innovation
Publisher
ISPIM 2022
Publisher place
Copenhagen
Event Title
International Society for Professional Innovation Management Conference (ISPIM) 2022
Event Location
Copenhagen
Event Date
5.-8. June 2022
Official URL
Subject(s)
Division(s)
Eprints ID
266756