R&D Expands in Chinese Research Parks/Patent Filings Soar, Business and Industry Trends Analysis

There are three trends at work in the growth of R&D in China.  The first is that R&D spending has been growing significantly for many years.  For 2021, gross expenditures on R&D in China were expected to reach $621.5 billion (or 1.98% of GDP), according to R&D Magazine’s 2021 Global R&D Funding Forecast.  (This number is on a PPP or purchasing power parity basis—an attempt to create a fair comparison to U.S. prices.)  China has R&D goals laid out in the National Medium- and Long-Term Plan for the Development of Science and Technology. This is a 15-year plan, originally published in 2014,…

A Representative List of Organizations that Have Used our Research and Products: