Study: German Business in China | Page 30

German Business in China – Greater Shanghai Innovation Survey 2018/19 Incremental rather than radical Half of the surveyed manufacturing companies indicate that changes in products and services in their Chinese entity are mostly incremental. Only one fifth of respondents claim to mostly engage in radical innovation. A comparison of radical versus incremental innovation between Top Innovators and their less innovative peers shows that Top Innovators engage significantly more in radical innovation than other companies (43% vs. 26%). They appear to bring a higher willingness to take risks. Changes in products/services in our Chinese entity are mostly… Radical Incremental Top Innovators 16% 26% 43% 60% Other companies Product adaptation rather than product development To what extent does your Chinese entity engage in the following activities? Product adaption for the Chinese market 29% 33% 10% Product development for the Chinese market 24% 18% 5% Development of new products for global market 19% 12% 3% Rather large extent Large extent Very large extent Innovation efforts of German manufacturing companies in the Greater Shanghai region tend to lie in the adaptation of existing products to meet the demands of the local market. 72% of companies in our survey engage to a large (rather large, large, or very large) extent in product adaptation. 48% engage to a large extent in product development, while only 34% develop new products for global markets. However, the latter saw a significant increase compared to the 23% collected in the 2017 survey. This increase in local-toglobal innovation activity shows China’s growing attractiveness as a R&D hub, although, as revealed by the Business Confidence Survey 2017 1 , concerns regarding intellectual property IP and technology transfer may still hinder R&D activities in China. 1 German Chamber of Commerce (2017) 29