TradingMarkets.com
11 Apr 2008
SINGAPORE, Apr 11, 2008 (Xinhua via COMTEX) -- -- Singapore's Prime Minister Lee Hsien Loong praised on Friday the development of the knowledge- based economy in China, saying the growing scientific and technological prowess of China is an important factor in its economic takeoff.
"China is not just growing low-end industries, but making rapid in-roads into high-tech sectors," Lee said, adding that, "Multi- national Companies (MNCs) are setting up not just manufacturing plants in China, but also research and development (R&D) centers to take advantage of the abundant supply of talented Chinese engineers."
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