In 2017, the total investment in research and development in China exceeded 1.76 trillion yuan (US$250 billion), a rise of 12.3% from a year earlie, People’s Daily reported.
The ratio of R&D expenditure to GDP also reached a historical high of 2.13%, according to a report co-released by the National Bureau of Statistics, the Ministry of Science and Technology and the Ministry of Finance. Meanwhile, the R&D growth rate increased by 1.7 percentage points.
In terms of the total amount of R&D input, China is narrowing the gap with the US. In 2013, China’s total R&D expenditures ranked second in the world for the first time, accounting for 40% of that of the US. The proportion is expected to approach 60% in 2017.
From 2013 to 2016, China’s R&D investment increased by 11.1% on average every year, while the US, the European Union and Japan record only 2.7%, 2.3% and 0.6% respectively.
Spear heading is not only in figures.. ..Is the cost effectiveness of the r/d ….If it is 250 billions in China that’s will easily cost 750 billions by the usa due to high cost in every inall sectors ….
Spear heading is not only in figures.. ..Is the cost effectiveness of the r/d ….If it is 250 billions in China that’s will easily cost 750 billions by the usa due to high cost in every inall sectors ….
For every $1 spent in China U can get 4X the PhDs and 10X quicker. hahahah