China has been steadily increasing its research spending across all fields. Photo: Shutterstock
China has been steadily increasing its research spending across all fields. Photo: Shutterstock

China set to pass US on research and development spending by 2025

  • China has been increasing expenditure at an annual rate of 16 per cent while the US has stagnated, according to a US think tank
  • Chinese premier Li Keqiang has vowed to boost spending on basic research and there are also plans to develop fields such as AI and quantum information

China has been steadily increasing its research spending across all fields. Photo: Shutterstock
China has been steadily increasing its research spending across all fields. Photo: Shutterstock
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