LINE

Text:AAAPrint
Business

China's R&D spending increases over five years: minister

1
2018-01-10 09:00:06Xinhua Gu Liping ECNS App Download

China's research and development has made notable progress in the past five years due to increases in spending, Minister of Science and Technology Wan Gang said Tuesday.

National spending on research and development is estimated to reach about 1.76 trillion yuan (269.6 billion U.S. dollars) in 2017, up 70.9 percent from 2012, Wan said at a national conference.

The expenditure in research and development in 2017 accounted for 2.15 percent of GDP, catching up with the average 2.1 percent of 15 of the nations in the European Union, according to the minister.

About 136,000 technology firms contributed to more than half the research and development spending.

Citing the breakthroughs made in quantum communication and superconducting material, Wan noted that China's comprehensive strength in scientific research had improved significantly in the past five years.

The number of research articles written by Chinese scientists reached the world's second most, and the number of articles being referred to overtook Germany and Britain to be the world's second most in 2017.

"The number of patent applications the country received and that of those granted annually have been the largest across the world," Wan 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.