China's R&D investment intensity exceeded 2% for two consecutive years

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Release date: 2015-11-26

The National Statistical Office, the Ministry of Science and Technology, and the Ministry of Finance jointly released the "2014 National Science and Technology Funds Statistics Bulletin", showing that the intensity of China's R&D expenditure in 2014 (the ratio of R&D expenditure to GDP) was 2.05%, compared with the previous year. Increase by 0.04 percentage points. China's R&D investment intensity has exceeded 2% for two consecutive years and is on a continuous upward trend.

According to the communique, in 2014, the total investment in R&D expenditure in China was 130.56 billion yuan, an increase of 116.9 billion yuan or 9.9% over the previous year.

According to the types of activities, the national expenditure on basic research was 61.35 billion yuan, up 10.6% over the previous year; the application research expenditure was 139.85 billion yuan, up 10.2%; the experimental development expenditure was 110.36 billion yuan, up 9.8%. Basic research, applied research, and experimental development accounted for 4.7%, 10.8%, and 84.5% of total research and experimental development (R&D) expenditures, respectively.

According to the main activity subjects, the expenditures of various enterprises were 100.06 billion yuan, up 10.9% over the previous year; the government expenditures of research institutions were 196.22 billion yuan, up 8.1%; the expenditures of higher education institutions were 89.81 billion yuan, up 4.8%. The proportion of expenditures of enterprises, government-owned research institutions and institutions of higher learning was 77.3%, 14.8% and 6.9% respectively.

“The contribution of enterprises to the growth of R&D expenditures in the whole society was 84.2%, an increase of 4.5 percentage points over the previous year, and the leading role in the growth of R&D expenditures was further highlighted.” Guan Xiaojing, senior statistician of the Department of Social Sciences of the National Bureau of Statistics, explained the communique. She said that China is the second largest technology investment country in the world after the United States. Although there is still a gap between the R&D investment intensity and the level of 3% to 4% in developed countries, it is increasing year by year.

Source: Xinhua News Agency

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