R&D spending sees rise

Source:Xinhua-Global Times Published: 2018/9/16 21:03:40

China's spending on research and development (R&D) has seen rapid growth in the past 25 years as the country pursues a strategy of development through scientific and technological progress.

A report from the National Bureau of Statistics showed that China's R&D spending surged by an average of 20.3 percent annually between 1992 and 2017, with the amount for last year reaching 1.76 trillion yuan ($257 billion).

Posted in: ECONOMY

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