BEIJING: China’s spending on research and development (R&D) hit a record high at 2.23% of its GDP in 2019, up by 0.09 percentage points from the previous year, data from the National Bureau of Statistics (NBS) showed.
China’s total expenditure on R&D amounted to 2.214 trillion yuan (about US$321.3bil) last year, up 12.5%, or 246.57 billion yuan compared with that in 2018, according to a report jointly released by the NBS, the Ministry of Science and Technology and the Ministry of Finance.
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