China's spending on R&D reaches new high in 2021
Updated: January 26, 2022 13:39 Xinhua

BEIJING — China's spending on research and development (R&D) hit a new high of 2.44 percent of its gross domestic product (GDP) in 2021, up 0.03 percentage points from the previous year, official data showed on Jan 26.

The country's total expenditure on R&D amounted to about 2.79 trillion yuan (about $441.13 billion) last year, up 14.2 percent year-on-year, according to a report released by the National Bureau of Statistics (NBS).

After deducting price factors, China's R&D spending in 2021 rose 9.4 percent year-on-year, said the NBS.

Investment in basic research stood at 169.6 billion yuan last year, accounting for 6.09 percent of the total R&D spending, up 0.08 percentage points from the previous year, the data showed.

The growth of China's R&D spending is attributable to the steady recovery of the Chinese economy last year, enhanced innovation drivers and improved incentive policies, said NBS statistician Zhang Qilong.

"Global Innovation Index 2021" released by the World Intellectual Property Organization showed that China has made continuous progress rising from 14th rank in 2020 to 12th in 2021 among 132 economies.

China should further accelerate the implementation of science and technology policies and improve the mechanism for diversified investment to provide strong support for achieving high-level self-reliance in science and technology, Zhang said.

Copyright© | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to

Without written authorization from, such content shall not be republished or used in any form.



Copyright© | Contact us

Website Identification Code bm01000001

Registration Number: 05070218