China Reveals R&D Spending – Chemical & Engineering News

In the past decade, China has grown into an international research powerhouse. It recently passed the European Union in the percentage of gross domestic product it spends on R&D. Now, an analysis details for the first time how China is spending its science and technology (S&T) funds.

Among the revelations in a report published last week is that the role of China’s most powerful research agency is on the decline. And although the country overall is spending much more on research, China’s spending on basic and applied science is decreasing…

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