| China’s share of Global Research and Development is Rapidly Growing Ministry of Commerce of the PR China - 07-01-2011
The French "Tribune" reported on January 5 that according to the French Technology Observation Institute’s (OST) biennial report published in 2010, Research and Development by emerging economies between 2002-2007 achieved dramatic developmental breakthroughs. China’s world ranking has jumped to No. 3, South Korea’s to No. 6 and India is now ranked in the first eight. In particular, emerging countries share of global R & D is growing. From 2002 to 2007, China's share of expenditure on R & D increased from 5.1% to 9.2%, South Korea increased from 2.9% to 3.7% and India’s R&D expenditure increased to 2.2% from 1.7% to. In 2002 China’s annual investment on R & D stood at 39.2 billion U.S. dollars this increased to 102.3 billion U.S. dollars in 2007. France in comparison has experience a fall from 5% to 3.8% and in major R & D nation the United States R&D investment has fallen from 36% to the, 33.5%. |
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The OST publication also reported that China is the most active country in the world for R&D. From 2003-2008 the acceleration in R&D is such that it is more than 4 times the country’s 1998 share of world R&D investment. By 2020, China will be second in the ranks of global technology. The acceleration in China’s R&D development is attributed to support and incentives from the government. Since 2003 the government proposed that the key to economic development is innovation, as a result it has carried out a lot of investment through related industrial policies. According to Thomson Reuters research report, 2011, China's will submit the largest number of foreign patent applications in the world. Between 2003 to 2009 the number of patents submitted annually by China grew on average by 26.1% while in the U.S only by 5.5%.
The publication further reported that even if the quality of some of the patents in China are different to "invention patents" not costing much to protect and with limited protection life (6 to 10 years) however, the rapid growth in the number of such patents shows that innovation is actually happening.
Source: http://www.mofcom.gov.cn/aarticle/subject/
chanyejishu/other/201101/20110107352110.html
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