China rises to third in research, development spending
( 2003-11-03 09:48) (Xinhua)
China rose to third in the
world in the amount of money it spent on research and development, according to
a recent report by the Organization for Economic Cooperation and Development
China's expenditure in research and development reached 60 billion US dollars
in 2001, only after the United States and Japan whose investment is respectively
282 billion dollars and 104 billion dollars, according to the Beijing-based
China's spending accounted for 1.1 percent of its gross domestic products
that year, much higher than the 0.6 percent in 1996.
About 40 percent of China's expenditure on research and development in 2001
was covered by the government and the rest 60 percent came from domestic and
China has 743,000 people involved in research and development activities and
the figure in the US is 1.3 million, Japan 648,000.
The OECD report attributed China's growing expenditures on research and
development to the country's increasing investment in core