Feb 23 - China’s 2011 R&D Spending Represents 1.83% of GDP

Source: NBS, ChinaScope Financial (Data)

+       According to the National Bureau of Statistics (NBS), China’s spending on research and development (R&D) in 2011 was CNY 861 billion, a 21.9% year-on-year increase, accounting for 1.83% of GDP.

+      In 2011, China received 1.63 million domestic and foreign patent applications, of which, 90.5% or 1.48 million were domestic applications. At the end of 2011, there were 2.74 million effective patents, where 80.4% or 2.02 million were domestic.

 R&D expenditure continues to increase at a rapid pace.

In 2010, China outranked Japan in patent applications.

Other News Headlines:

n HSBC China’s Feb. Preliminary PMI Rises to 49.7

n China’s 2011 R&D Spending Represents 1.83% of GDP

n PBOC Advocate for Further Opening-up of Capital Account

n Output Value of Machinery Equipment Totaled CNY 660.65 Billion in 2011

n Investments in Real Estate Development Increased 27.9% YoY in 2011

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