In 2015, R&D expenditure for China was 2.1 %. R&D expenditure of China increased from 0.6 % in 1996 to 2.1 % in 2015 growing at an average annual rate of 7.21 %.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Expenditures for research and development are current and capital expenditures (both public and private) on creative work undertaken systematically to increase knowledge, including knowledge of humanity, culture, and society, and the use of knowledge for new applications. R&D covers basic research, applied research, and experimental development.