As an important part of its national sustainable development strategy, China has put advanced materials and technologies high on its development agenda for the next decade and listed them among the key high-tech industry sectors prioritized for development by the State Council.
Foreign companies remain leaders in advanced technology. Some investors may find no local competitors in the Chinese market, and therefore are able to maintain high profit margins on their products. However, there remain many challenges, including involving IP protection, working with local distributors and customers, after sales services, and difficulties in entering markets in China’s hinterland.
Acadia has helped many foreign investors to understand the market dynamics, investment conditions, and other considerations for companies in the technology industry. Beyond the initial planning, we have helped companies to apply for government investment incentives and tax rebate schemes available to high-tech firms.