Aug 30, 2020

China again boosts R&D spending

Posted by in category: policy

China continued its yearslong run of double-digit percentage increases in spending on R&D in 2019, but the nation is likely to fall short of a long-standing goal of increasing R&D expenditures to 2.5% of gross domestic product (GDP) by this year. But not hitting the target “should not be considered a failure, as China has been increasing its R&D expenditure over the past several decades at a rate higher than GDP growth,” says Cao Cong, a science policy specialist at the University of Nottingham’s Ningbo, China, campus.

But nation likely to miss 2020 goal of spending 2.5% of GDP on R&D.

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