China spent US$291.58 billion on research and development last year, or 2.18 per cent of its GDP. Photo: AP

China’s funding for science and research to reach 2.5 per cent of GDP in 2019

  • Country will hit its target a year ahead of schedule, but scientists say they still don’t get enough funds for basic research
  • China has been closing the gap on spending in recent decades as it pursues ambition of becoming a global tech superpower
Topic |   Two Sessions 2019 (Lianghui)

TOP PICKS

China spent US$291.58 billion on research and development last year, or 2.18 per cent of its GDP. Photo: AP
READ FULL ARTICLE
Teddy Ng

Teddy Ng

Teddy Ng joined the Post’s China desk in 2011, focusing on the nation’s foreign affairs. He is now deputy editor of the section.

Jane Cai

Jane Cai

Jane Cai, CFA, is the Beijing Bureau Chief of the South China Morning Post. She has been covering China's economic, financial, business and political news since the early 2000s.