China’s spending on research and development has reached $ 378 billion

China’s spending on research and development has reached $ 378 billion

Spending rose China On research and development by 10.3 percent to 2.44 trillion yuan ($ 378 billion) in 2020, according to the National Statistics Office.

The office said in statement Journalist: Spending on research and development, which is looking to develop new services or products, accounts for 2.4 percent of China’s GDP.

The figure represents a new record for China, but it has slowed incremental growth in five years, down from a rise of 12.5 percent in 2019.

By the end of 2020, the office said, China had 522 major national laboratories and 350 national engineering research centers in operation.

She added: Last year, the National Natural Science Foundation in China funded about 457,000 projects. It granted 3.6 million patents, up from 40 percent in 2019.

In contrast, the United States was planning to spend about $ 134 billion on research and development in 2020, according to To report Issued by the Federation of American Scientists last March.

The United States has yet to release official spending on research and development.

The United Kingdom, which has far fewer people, spent 11.4 billion pounds ($ 15.9 billion) on research and development in 2020, but plans to double that spending to 22 billion pounds by 2024 or 2025.

Washington has imposed several policies over the past few years aimed at curbing the rapid growth of China.

Dozens of Chinese companies were blacklisted and blocked global chip supplies for blacklisted telecoms equipment giant Huawei last year, citing national security concerns.

Huawei has repeatedly denied that its devices have back doors that the Chinese government can exploit for spying purposes.

As global supply chains become more disruptive, China and other countries have taken steps to try to bolster their technological sovereignty to become more dependent on vital core technologies such as 5G and semiconductor chips.

The German Fraunhofer Institute for Systems Research and Innovation at said report Last July: Growing geopolitical uncertainty and the threat of global trade conflicts raise questions about the optimism of recent decades about the interconnectedness of our economies.

Reportedly, the NPC is set to announce other new measures this week that will enhance China’s ability to innovate independently.

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