/   Home   /   Newsroom   /   Research in China

China's R&D Spending up 11.6 pct in 2017

Feb 14, 2018     Email"> PrintText Size

China's spending on research and development (R&D) grew faster in 2017 as the country continued to push for innovation-driven development.

Preliminary calculations showed that R&D spending rose 11.6 percent year-on-year to 1.75 trillion yuan (about 280 billion U.S. dollars) in 2017, 1 percentage point higher than in 2016, the National Bureau of Statistics (NBS) said Tuesday.

The spending accounted for 2.12 percent of China's gross domestic product, 0.01 percentage points higher than the previous year.

Chinese enterprises spent more than 1.37 trillion yuan on R&D last year, up 13.1 percent from 2016, while R&D spending at government institutions and colleges increased 7 percent and 5.2 percent, respectively.

Some 92 billion yuan, or 5.3 percent of the total spending, was put into fundamental research in 2017, up 11.8 percent from a year earlier, the NBS said.

According to the 13th five-year plan for national science and technology talent development (2016-2020), China will increase its annual per capita spending on R&D to 500,000 yuan by 2020, up from 370,000 yuan in 2014.

China had 5.35 million people working in R&D at the end of 2015, the world's largest pool of R&D personnel. (Xinhua)


(Editor: LIU Jia)



Related Articles

R&D spending;research and development

China's R&D Spending Increases over Five Years: Minister

Jan 10, 2018

China's research and development has made notable progress in the past five years due to increases in spending, Minister of Science and Technology Wan Gang said. The expenditure in research and development in 2017 accounted for 2.15 percent of GDP, cat...

R&D spending;spending;R&D;research and development

China's R&D Spending Estimated to Reach 2.1 Pct of GDP in 2016

Jan 11, 2017

China's investment in research and development (R&D) is expected to reach 1.54 trillion yuan (around 223 billion U.S. dollars) in 2016, accounting for 2.1 percent of GDP, and China was a world leader in invention patent applications, ranking third plac...

R&D;research and development;investment

China's R&D Investment Hits Historical High in 2016: Statistics Authority

Dec 12, 2017

China has hit a historical high in research and development (R&D) investment over the last year, with a total amount of 1.57 trillion RMB, said a the country's statistics authority. China's innovation index of 2016 stood at 181.2, increasing 5.7% year ...

Contact Us

Copyright © 2002 - Chinese Academy of Sciences