Europe wakes up to China as high-tech rival

is beginning to feel threatened by China’s growing dominance in the sector, according to a new report by the : “The annual ‘competitiveness report’ by the European Union’s executive commission warns that China is ‘turning itself into a low-cost competitor in high-skill industries’. The lesson for companies in the West is that they must pour funds into research and development, and continually adapt, if they are to fend off the seemingly unstoppable rise of China. ” The full AFP story, via Channelnewsasia, is here.

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