Please login to the form below

Not currently logged in
Email:
Password:

Chinese 2006 R&D spend exceeds USD 39.9bn

China invested CNY 300.3bn in R&D in 2006 to augment science and technology innovation and develop a more sustainable economy

China invested CNY 300.3bn (USD 39.9bn) in R&D in 2006 to augment science and technology innovation and develop a more sustainable economy, according to local media reports.

The Chinese government has set the target of investing two per cent of its GDP in R&D by 2010, as set out in the 11th Five-Year Programme for National Economic and Social Development (2006 to 2010).

R&D investment rose by an annual rate of 22.6 per cent, or CNY 55.3bn, according to a statement released by the National Bureau of Statistics, the Ministry of Science and Technology and the Ministry of Finance on 12 September.

R&D spending accounted for 1.4 per cent of GDP and was the highest proportion ever recorded in the region. R&D spending by companies reached the CNY 213.5bn mark and accounted for 71.1 per cent of the total.

Government research agencies spent CNY 56.7bn, while universities spent CNY 27.7bn, (18.9 and 9.2 per cent).

Approximately CNY 234.3bn, or 78 per cent of China's total R&D spending went on development work, but only 16.8 per cent went on application research and 5.2 per cent went on basic scientific research.

The pharmaceutical, special instruments, electrical machinery, general instruments, transport manufacturing, rubber and electronics sectors spent more than one per cent of their sales revenues on R&D.

The Chinese government has ring-fenced CNY 168.9bn for science and technology front, an increase of 26.5 per cent (CNY 35.4bn) on 2005. The amount was 4.2 per cent of the government's total expenditure in 2006, the highest since 1998.

30th September 2008

Share

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Aptus Health

Aptus Health is dedicated to advancing health engagement. The company offers end-to-end digital health engagement solutions spanning all areas of...

Latest intelligence

Webinar:
Securing a future for telehealth with immersive market research insights...
Accelerating patient recruitment in clinical trials with the Clinical Enrolment Managers (CEMs)
How Innovative Trials' global Clinical Enrolment Managers (CEMs) give clinical trial sites the local touch...
Six ways to improve diversity in clinical trials
Diversity is becoming increasingly important as a focus of clinical trials. This whitepaper gives six approaches that could be implemented to help make diversity a bigger focus on your clinical...