[Global Network Technology Reporter Zhang Yang] On October 9, the National Bureau of Statistics, the Ministry of Science and Technology and the Ministry of Finance jointly issued the "Statistical Bulletin on the National Science and Technology Funds in 2017" (hereinafter referred to as the "Gazette"). According to the "Gazette", the total investment in research and experimental development (R&D) in China exceeded 1.76 trillion yuan in 2017, a year-on-year increase of 12.3%, and the growth rate was 1.7 percentage points higher than the previous year; R&D funding intensity (R& The ratio of D funds to gross national product reached 2.13%, a record high. "Science Magazine" reported that China's R&D spending is second only to the United States, and it is already ranked second in the world, and is gradually narrowing the gap with the United States.
According to the Organisation for Economic Co-operation and Development (OECD), in 2012, China's consumer spending was about 34% in the US and rose to 44% in 2016. In terms of purchasing power, China's spending in 2016 is equivalent to 88% in the US.
Xie Xuemei, an expert on innovation economics at Shanghai University, said that the year-on-year growth in R&D spending indicates that the Chinese government and the whole society have given firm support to China becoming a technological power. Not enough, she also added that China still has a long way to go to reach the research capabilities of developed countries.
The report also highlights other trends in 2017. In 2017, the growth rate of R&D funds in Chinese enterprises, government research institutions and institutions of higher learning increased by 0.9, 2 and 10.7 percentage points respectively over the previous year, for the whole society R&D The contribution rates of funding growth were 78.6%, 9.1% and 10%, respectively. Xie Xuemei said that more and more companies are aware of the need to strengthen their own innovation capabilities, and independent innovation depends on increasing R&D investment.
Since basic research is difficult to have economic benefits and the results are uncertain, China's basic research investment has been at a low level for a long time. However, in recent years, with the implementation of the national innovation strategy, changes are quietly taking place.
Longitudinally, in 2017, China's basic research funding was 97.55 billion yuan, an increase of 18.5% over the previous year. The growth rate was 3.6 percentage points higher than the previous year, the highest level in the past five years; the proportion of basic research funds to R&D funds It was 5.5%, an increase of 0.3 percentage points from the previous year, and it continued its steady recovery since 2014, reaching the highest level since 2005. In contrast, the Organisation for Economic Co-operation and Development (OECD) data show that the US's basic research expenditure in 2016 was $86.32 billion.
However, experts also believe that compared with developed countries, the overall level of China's R&D is still large but not strong, and not superior. For example, compared with the proportion of developed countries (15%— 20%), the proportion of basic research in China still has a large gap. Compared with innovative countries (more than 2.5%), China’s R&D investment intensity is also certain. gap.