China’s R&D expenditure is now close to 60 % of the US R&D budget
According to China’s National Office of Statistics, China’s R&D budget has increased by annually 11 % since 2011 and is now at 2.13 % of GDP, number 13 of OECD’s 35 member countries. China ‘s R & D expenditure became the second largest in the world in 2013, accounting for about 40% of the US […]