LINE

Text:AAAPrint
Economy

China's R&D spending reaches 2.1 pct of GDP in 2016

1
2017-10-20 09:15Xinhua Editor: Gu Liping ECNS App Download

China's spending on research and development (R&D) accounted for 2.1 percent of GDP in 2016, the Ministry of Science and Technology announced Thursday.[Special Coverage]

The spending reached 1.54 trillion yuan (around 233 billion U.S. dollars) last year, with over 78 percent coming from enterprises.

Based in the south China city of Shenzhen, Chinese drone manufacturer DJI-Innovations (DJI) has pioneered the development of drones with its products gaining 80 percent of the global market share.

With the addition of innovative enterprises like DJI, the production value of the seven "strategic emerging industries," such as biology and the internet, has enjoyed an average annual increase of 17.4 percent in Shenzhen, according to the ministry.

The scientific and technological progress contribution increased to 56.2 percent in China's economic growth in 2016, the ministry said.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.