Sources: IBM shuts its China R&D department, affecting 1,000+ employees, and plans to move some R&D functions overseas, the latest company to retreat from China (Raffaele Huang/Wall Street Journal)

Raffaele Huang / Wall Street Journal:
Sources: IBM shuts its China R&D department, affecting 1,000+ employees, and plans to move some R&D functions overseas, the latest company to retreat from China  —  Jobs to be added in India, employees are told  —  IBM is shutting down its China research and development department …