Editorial | China must ensure R&D funding flows to where it…
China’s spending on research and development (R&D) has reached a milestone worth celebrating, a testament to Beijing’s sustained commitment to science and technology. It hit a record 2.8 per cent of gross domestic product last year, exceeding 3.92 trillion yuan (US$584.8 billion) and beating the average for Organisation for Economic Cooperation and Development (OECD) member states. Yet, there is still a long road ahead as the nation strives to lead the world at the technological frontier. The...
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