The National Bureau of Statistics, the Ministry of Science and Technology and the Ministry of Finance released the “Statistical Bulletin of National Science and Technology Funding Investment in 2021”. The data shows that the total investment in research and experimental development (R&D) in China in 2021 will be 2.8 trillion yuan, an increase of 14.6% over the previous year. %, maintaining double-digit growth for the sixth consecutive year. The intensity of R&D expenditure (the ratio of R&D expenditure to GDP) was 2.44%, an increase of 0.03 percentage points over the previous year. In terms of investment scale, my country’s total R&D expenditure ranks second in the world, equivalent to an increase in the share of the United States from 44.2% in 2016 to 49.1% in 2020. In terms of growth rate, from 2016 to 2021, my country’s R&D expenditure will increase by an average of 12.3% annually, which is significantly higher than that of developed countries such as the United States (7.8%), Japan (1.0%), Germany (3.5%) and South Korea (7.6%). growth in 2020. In terms of investment intensity, my country’s 2.44% level in 2021 ranks 13th among major countries in the world, surpassing innovative countries such as France (2.35%) and the Netherlands (2.29%).
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