Tuesday, December 05, 2006

China Spending on Research & Development

China to beat Japan in R&D spend
China will overtake Japan to become the world's second biggest spender on research and development (R&D) in 2006, according to the latest forecast.

China is predicted to spend around $136bn (£68.7bn), on R&D in 2006, the Organisation for Economic Cooperation and Development (OECD) said.

This is ahead of Japan's forecast spend of $130bn.

The United States will remain the world's leading R&D spender, predicted to invest $330bn.

The EU-15, which includes the UK, France and Germany, will spend just $230bn, the organisation predicts.


Blogger ChinaLawBlog said...

Only problem is this is simply not true. China is still way behind Japan in R&D spending. Someone came out with an article saying China had caught up with Japan, but that was based on “the real purchasing power of the Yuan.” If you compare apples to apples, China is still way behind.

3:44 AM  

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