Gross Domestic Expenditures On Research and Development
Between 2000 and 2008 Gross Domestic Expenditures on Research and Development (GERD) rose by an average of 22.8% annually which increased the share of GERD to GDP from 0.9% to 1.54%. China aims to increase this to 2.5% by 2020. In 2008 82.76% went to experimental development, 12.46% to applied research, and 4.78% to basic research. Business enterprises contributed 59.95% of GERD in 2000 and 73.26% in 2008. Spending by enterprises is predominantly on experimental development. China aims to increase basic research's share to 15% by 2020.
The research firm Battelle estimates that China's R&D expenditures will exceed that of the United States in 2023.
Read more about this topic: Science And Technology In The People's Republic Of China
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