China has seen a substantial increase in technology import businesses and has rolled out a series of incentives over the past several years to further encourage the transfer of key know-how into its domestic market. In fact, Liu He, former vice-chairman of the Development Research Center of the State Council, wrote in 2013 that, China’s strategic opportunities to acquire cutting-edge technology and invest in infrastructure truly manifested after the 2008 global financial crisis when the country exerted a great influence on the world’s economic recovery.
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