Chinese companies accounted for more than 77 per cent of the country’s total spending on research and development in 2018, according to an official report. Photo: Bloomberg

China’s spending on research and development up 11.8 per cent to US$275 billion in 2018

  • Total represents 2.19 per cent of nation’s gross domestic product, but government actuary says investment has yet to yield any ‘breakthrough’ results
  • Report by OECD, based on figures for 2017, says China still lags average of its 36 members in terms of R&D spending as a percentage of GDP
Topic |   China economy

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Chinese companies accounted for more than 77 per cent of the country’s total spending on research and development in 2018, according to an official report. Photo: Bloomberg
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Kristin Huang

Kristin Huang

Kristin Huang is a senior China reporter, who focuses on diplomacy and defence. She joined the Post in 2016 and previously reported for China Review News Agency. Kristin is interested in security in northeast Asia and China's growing military might.