China's R&D investment grows despite slower funding, US tops global list

Quick Summary:

China's R&D intensity, which measures expenditure as a percentage of GDP and serves as a benchmark for innovation capability and competitiveness, remained stable at 2.

With steady growth in funding and a rising share of global research output, China is narrowing the gap with the US in the race for scientific supremacy.

China’s contributions to peer-reviewed, high-quality research papers rose by 13.6 per cent that year, whereas US contributions dropped by 7.1 per cent, placing it second.

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Category: BusinessFinance

Markets: IndiaChinaGermanyJapanUnited States

Topics: Xi Jinping China news China economy news Research in China China investment in research China economy Jinping news Research investments in China

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Published On: 2025-01-24 @ 17:03:10 (1 days ago)

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News Source URL: business-standard.com

Language: English

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