China's spending on R&D rises to historic high

10.09.2019

China's spending on research and development (R&D) hit a record high at 2.19 percent of its GDP last year, up by 0.04 percentage points in 2017, according to the National Bureau of Statistics (NBS).

The country's total expenditure on R&D amounted to 1.97 trillion yuan (about $278 billion) last year, up...