Latest News:  


Bayer wants to export technology made in China

By Wang Ying (China Daily)

09:25, May 22, 2013

Germany-based Bayer Group said that while China is continuously exporting products to the global market, it’s also expected to export technology to the rest of the world.

“We are aiming to reach a global innovation footprint for Bayer and its partners by exporting China-made technology to the rest of the world by 2020,” said Patrick Thomas, CEO of Bayer MaterialScience, a subgroup of the Bayer Group and a world leading polymeric materials provider for high tech solutions.

According to Thomas, China is quickly catching up with peers due to its increased spending, which accounts for about 15 percent of Bayer MaterialScience’s global R&D spending, or 242 million euros ($311.8 million) in 2012.

Thomas’s expectations are based on the company’s regional innovation hub in Asia-Pacific, which was officially launched on Tuesday at the company’s polymer research and development center in Shanghai.

Together with its customers, the company will develop new ideas for the use of high-performance plastics, foams and coatings in key sectors such as mobility, construction, IT and renewable energy.

Li Yongwu, chairman of the China Petroleum and Chemical Industry Federation believes the regional innovation hub is in line with the promotion of indigenous innovation and efforts to enhance R&D laid out in China’s 12th Five-Year Plan (2011-15).

We Recommend:

The man of mystery opens up

Silkworm breeding in S China

Hot atmosphere at Shenzhen underwear fair

2013 Qingdao Int'l Auto Show kicks off

Chinese women don't take Buffett's advice on gold

Asia’s largest amusement park demolished

Email|Print|Comments(Editor:ChenLidan、Gao Yinan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese navy's landing ships in training

  2. Electronic warfare unit in drill

  3. Tornadoes hit U.S. state of Oklahoma

  4. Reality of migrant workers' sexual needs

  5. China’s weekly story (2013.5.11-5.17)

  6. Explosion kills 13 in China's Shandong

  7. Creative house made of paper boxes

  8. THR's International Artist of the Year

  9. 12 Asian business women

  10. Surplus workers in rural areas will be 'zero'

Most Popular


  1. Preserving culture hurts
  2. Chinese premier's India trip to evince Beijing's unwavering pursuit of better ties
  3. AP probe embodies tension between US govt, media
  4. Protectionism no painkiller for Europe
  5. Culture key to sustainable development
  6. Ten white papers, road to human rights protection
  7. Teen's tragedy reveals child abuse problems
  8. People with depression show disrupted brain 'clock'
  9. iPad obsession hurting child's development
  10. Positive signs in Europe hard won

What’s happening in China

China’s weekly story

  1. Love hunters hired by China's richest bachelors
  2. Netizens question official's 'rocket promotion'
  3. Wrongly jailed man wants more compensation
  4. Tobacco ads on new media light up debate
  5. Earthquake may force new census of panda