Tuesday, December 05, 2006
How efficient is China's R&D investment?
According to a report by the OECD, China's research and development (R&D) investment in 2006 is expected to reach US$136 billion, overtaking Japan to become the World's second largest R&D spender, just far behind the US. Although many foreign companies have established substaintial R&D capacities in China, a large part of coutry's indigenous R&D expenditure is likely to remain inefficient. A significant number of the applicants and users of R&D funds took the money with little output. The country is far from being a R&D power.