China #3 in R&D spending…
[I blogged about the growing economic might of China and India over on See The Forest, here’s a follow up tidbit… as I said before: any rational American should be far more concerned about the effectiveness of our nation’s response to the challenge to our economic pre-eminence that these countries represent, than about the threat posed by “international terrorism”. -Thomas]
OECD ranks China third in R&D spending
By Peter Marsh in London, Richard McGregor in Shanghai and Mure Dickie in Beijing
Published: October 26 2003 21:09 | Last Updated: October 26 2003 21:09
China ranks third in the world for spending on research and development, according to new figures from the Paris-based Organisation for Economic Co-operation and Development, which underline China’s rapid march to industrialisation.
Total R&D spending in China in 2001 came to $60bn (£35.7bn, €51bn), behind the US and Japan, which spent $282bn and $104bn respectively, but ahead of Germany, with $54bn, says the latest edition of the OECD’s science, technology and industry scoreboard, a compendium of data published every two years.
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