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VIRTUALISATION China now number 2 in R&D spend: "Stunning" says OECD
VIRTUALISATION China now number 2 in R&D spend: "Stunning" says OECD | China now number 2 in R&D spend: "Stunning" says OECD |
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| by Stuart Corner | |
| Monday, 04 December 2006 | |
  
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The OECD says that, based on recent trends, China will spend just over $US136 billion on R&D in 2006, just ahead of Japan's forecast $US130 billion. Both are however a long way behind the USA which will spend $US330 billion. The EU-15, which includes France, Germany and the UK, is predicted to spend just over $US230 billion. China's spending on R&D as a percentage of GDP, known as R&D intensity, has more than doubled from 0.6 percent of GDP in 1995 to just over 1.2 percent in 2004. China's R&D spend is growing faster than the economy which is growing by between 9 and 10 percent a year. In China, according to the OECD, the number of researchers increased by 77 percent between 1995 and 2004. China now ranks second worldwide with 926 000 researchers, just behind the United States (more than 1.3 million), and Russia ranks fourth. Singapore employs more researchers per thousand of total employment than the OECD average. The OECD's figures for 2005 and 2006 are derived be extrapolating the observed changes from 2000-2004 and are available in the Science, Technology and Industry Outlook 2006 which can be purchased in paper or electronic form through the OECD's Online Bookshop. www.oecd.org/sti/outlook.{moscomment} |
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