China's Total R&D Investment Rose by 1/10th to USD305 Billion Last Year

(Yicai Global) May 19 -- China's total research and development investment rose about 10 percent to CNY2.17 trillion (USD305 billion) last year, making up about 2.2 percent of the country's gross domestic product, according to its Ministry of Science and Technology.

That figure contrasts with the CNY1.97 trillion spent in 2018.

China's Innovation Index ranked 14 in the world last year, according to a report by the World Intellectual Property Organization, showing a great improvement on the country's innovation capacity, Wang Zhigang, its sci-tech minister, said at a press conference today.

Editor: Ben Armour