{"id":38291,"date":"2020-01-25T10:54:23","date_gmt":"2020-01-25T15:54:23","guid":{"rendered":"https:\/\/sciencebusiness.technewslit.com\/?p=38291"},"modified":"2020-01-25T10:56:06","modified_gmt":"2020-01-25T15:56:06","slug":"infographic-china-closes-rd-funding-gap","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=38291","title":{"rendered":"Infographic – China Closes R&D Funding Gap"},"content":{"rendered":"
\"R&D<\/a>
R&D expenditures to 2017 (NSF, Statista)<\/figcaption><\/figure>\n

25 Jan. 2020. A new report from National Science Foundation shows China now ranks a close second to the U.S. in total research and development investments. Business data research company Statista<\/a> compiled the numbers from the report earlier this week, displayed as our weekend infographic on Science & Enterprise.<\/p>\n

NSF’s biennial Science and Engineering Indicators<\/a> report shows by 2017, the last year data are available, the U.S. still leads in total annual R&D expenditures at $549 billion, measured in purchasing power parity<\/a> or PPP dollars, a macroeconomic measure of productivity that enables comparisons across countries and currencies. China, in second place behind the U.S., spent $496 billion in 2017, overtaking European Union countries with some $430 billion. Japan lags behind in fourth place with $171 billion.<\/p>\n

The chart shows that since 2000, China’s R&D investments are on a steeper upward curve, increasing at an average of 17 percent a year, than the U.S., Europe, and Japan. In comparison, the U.S. annual growth rate is 4.3 percent. Businesses, says NSF, provide 70 percent of R&D spending in the U.S., while government expenditures add 10 percent.<\/p>\n

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