Logo 09 Mar 2021

Letting go of fantasies on RD spending

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What’s the 14th Five-Year Plan’s (FYP) target for national RD spending, you ask?

7% annual growth

That’s disappointing: China’s RD spending grew by an average of 11.8% annually over the past five years.

So what’s with the low number?

China has been consistently missing its RD spend...