China is failing to meet its targets on funding for research and development, according to a senior lawmaker. Photo: AP

Made in China 2025? Not unless it starts spending more money, lawmaker says

  • Country on track to miss its goal to boost R&D spending to 2.5pc of GDP by 2020, just as it did five years earlier, senior finance official says
  • Despite target miss, actual funding rose 12.3 per cent in 2017 to 1.75 trillion yuan, making China world’s second-biggest spender after the US
Topic |   China economy

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China is failing to meet its targets on funding for research and development, according to a senior lawmaker. Photo: AP
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