Playing a trump card in global business (4)

But he still believes talent is the key challenge for China because R&D has a long history in the US, thereby creating a huge pool of experienced professionals. "The majority of our R&D team in China has work experience of less than five years, but in the US you can find a lot of people with 20 to 30 years of experience."

But that is not the end of the story for China, Chen says. China's real opportunity in innovation lies in the middle-end products, which do not require the most complicated science skills but are still in high demand not only in China but also in other emerging as well as developed economies, he says.

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