Basic research accounted for over 6 per cent of China’s total R&D expenditure in 2019, according to the National Bureau of Statistics. Photo: ReutersBasic research accounted for over 6 per cent of China’s total R&D expenditure in 2019, according to the National Bureau of Statistics. Photo: Reuters
Basic research accounted for over 6 per cent of China’s total R&D expenditure in 2019, according to the National Bureau of Statistics. Photo: Reuters

Chinese companies ramp up basic R&D spending as US tech decoupling looms: report

  • But outlays as a share of economic output still lag US, Japan and South Korea, statistics bureau says
  • Government urged to direct more fiscal support towards critical core technologies

Topic |   US-China tech war
Basic research accounted for over 6 per cent of China’s total R&D expenditure in 2019, according to the National Bureau of Statistics. Photo: ReutersBasic research accounted for over 6 per cent of China’s total R&D expenditure in 2019, according to the National Bureau of Statistics. Photo: Reuters
Basic research accounted for over 6 per cent of China’s total R&D expenditure in 2019, according to the National Bureau of Statistics. Photo: Reuters
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