The past decade has witnessed China’s biggest progress in science and technology, with the country climbing to the 12th position on the global list of most innovative economies, up from the 34th place in 2012, a Chinese official said on Monday.
Wang Zhigang, Chinese minister of science and technology, made the remarks at a press briefing in Beijing, citing the Global Innovation Index released annually by the World Intellectual Property Organization (WIPO).
In 2021, China’s total expenditure on research and development (R&D) reached 2.79 trillion yuan (about $420 billion), the second-highest in the world. It accounted for 2.44 percent of the country’s gross domestic product (GDP), which was close to the average level of the OECD (Organization for Economic Co-operation and Development) countries, Wang said.
That’s up from the 1.03-trillion-yuan investment in R&D in 2012, which took up 1.91 percent of its GDP back then, according to Wang.
China’s funding for basic research is 3.4 times what it was ten years ago, reaching an all-time high for the country, Wang noted.
The country’s science and technology talent pool has also been growing over the past decade. In 2021, China’s R&D manpower reached 5.62 million man-years, which was the highest globally and 1.7 times that of 2012, he said.
In 2021, China’s turnover of technology contracts reached 3729.4 billion yuan, 5.8 times that of 2012, accounting for 3.26 percent of the country’s GDP.
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