Apple News Facebook Twitter 新浪微博 Instagram YouTube Wednesday, Sep 4, 2019

China’s basic research expenditure exceeds 100 bln yuan in 2018

(People's Daily Online)    16:46, September 04, 2019


China’s basic research expenditure in R&D exceeded 100 billion yuan for the first time last year, Science and Technology Daily reported on Sept. 4, quoting sources from a recently released bulletin on China’s annual R&D expenditure.

In the Statistical Bulletin on Annual Government R&D Expenditure (2018), data revealed that China spent almost 2 trillion yuan on research and development (R&D) in 2018, up 11.8 percent year-on-year, of which 109.4 billion yuan ($15.2 billion) went to basic research.

It’s not easy to maintain double-digit growth in R&D expenditure under the current national economic situation, said Professor Chen Dongsheng from the Beijing University of Chemical Technology.

Lyu Wei, a researcher with the Development Research Center (DRC) of the State Council, told Science and Technology Daily that China has continuously increased its financial support on basic research in recent years.

Universities and state-owned research institutions remained the main players in last year’s national expenditure on basic scientific research, spending 59 billion and 42.3 billion yuan respectively, said Li Yin, a statistician from the National Bureau of Statistics (NBS).

Enterprises, the third player, accounted for only 3 percent of the nation's total basic research. However, the amount enterprises were spending on basic research rose by 15.7 percent last year to 3.4 billion yuan, Lyu noted.

Despite the constant increase, China’s R&D spending still accounts for a smaller percentage of GDP than the US or Japan.

According to the National Science Foundation, basic research generally takes twenty to thirty years to shift from idea to application. The researcher from the DRC stressed that the country needs to aim at long-term outcomes rather than hindering breakthroughs in innovation with shortsighted assessments on basic research.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

Add your comment

Related reading

We Recommend

Most Read

Key Words