China Information

Thursday, January 11, 2007

China is among the world's biggest investors in R&D

According to a report entitled "Outlook of Science, Technology and Industry of 2006" released by the OECD, China invested USD136 billion in R&D in 2006 and thus took over Japan (about USD130 billion) for the first time to become the world's second biggest investor in R&D only after the US (about USD330 billion). China’s R&D personnel increase 77% over the past ten years to reach 900,000 people, ranking the second place only after the US (about 1.3 million people). The report also pointed out that the percentage of China's R&D capital in its GDP increased from 0.6% in 1995 to 1.2% in 2004. Though the proportion is still lower than Japan's 3.2%, China's absolute growth in innovation, R&D is quicker. It is estimated that China's proportion of R&D capital in GDP will reach 2% in 2010 and 2.5% in 2020. China's share in the global R&D and patents is also on the rise.

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