Policy ForumResearch Funding

Demystifying central government R&D spending in China

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Science  29 Aug 2014:
Vol. 345, Issue 6200, pp. 1006-1008
DOI: 10.1126/science.1253479

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Summary

China has become a powerhouse in research and development (R&D) spending. In 2012, its gross domestic expenditure on R&D (GERD) topped yuan renminbi (RMB) 1 trillion ($163 billion in current dollars). Measured by purchasing power parity, China's GERD reached $294 billion, behind the United States' $454 billion and the European Union's $341 billion but ahead of Japan's $152 billion (1). China's GERD as a percentage of gross domestic product (GERD/GDP) reached 1.98%; it more than tripled since 1995, surpassing the 28 member states of EU, which together managed 1.96% (1, 2).