China To Surpass Japan In Research & Development Spending

Posted by Greg | December 16, 2010  |  No Comment

China hasn’t always been the most “innovative” when it comes to tech, but according to the people smarter than I at Battelle R&D Magazine they’re throwing some serious money at the issue. R&D Magazine has projected that China will overtake Japan on the list of countries with the largest Gross Domestic Expenditures on Research & Development (GERD), with a whopping 153.7 MILLION BILLION US DOLLARS. This puts China second only to the US in R&D, but unfortunately it seems that most of the funds are set aside to develop manufacturing technology. As if they need more factories…

Read the full report here!

Source: Battelle via cnBeta

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