
China’s R&D Expenditures Hit New High Amid Global Uncertainty
China's spending on research and development (R&D) hit a record high at 2.23% of its gross domestic product (GDP) in 2019, up by 0.09% from the previous year.
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China's spending on research and development (R&D) hit a record high at 2.23% of its gross domestic product (GDP) in 2019, up by 0.09% from the previous year.
The Chinese government on Friday announced that it intends to achieve a GDP growth rate above six percent in 2021, as the annual plenary meetings known as the ‘Two Sessions’ commence in Beijing.