China's Allure in Drug Research

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Robert Cyran and George Hay, China's Allure in Drug Research. Reuters Breakingviews, Dec 7, 2011.
http://www.nytimes.com/2011/12/0 ... %20china&st=cse

Quote:

"Merck’s pledge on Tuesday to invest $1.5 billion in research and development in China over five years.

"Merck’s move is modest: a $300 million annual R.& D. budget in China would equal only 4 percent of the $8 billion the company is on track to spend this year.