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 since 2006.  For 2017, gross expenditures on R&D in China were $279 billion (or 2.1% of GDP), which has risen 70.9% since 2012, according to the Ministry of Science and Technology of the People’s Republic of China.  China has R&D goals laid out in the National Medium- and Long-Term Plan for the Development of Science and Technology, which is updated on a regular basis.  Of importance, the plan outlines ways to assimilate and then improve upon Western…

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