China maintains world's largest pool of R&D personnel

Editor’s note: This year marks the 70th anniversary of the founding of the People’s Republic of China. In this issue, we continue publishing a column called “Ode to 70 years” to help you understand the earth-shaking changes that have taken place in New China.

Since In 2018, according to a recent report by the National Bureau of Statistics of China on the country's socioeconomic achievements in the past 70 years since the founding of New China, the number of Chinese R&D personnel totalled 4.19 million, 6.2 times that of 1991. Since it surpassed the United States in the number of R&D personnel in 2013, China has ranked first in the world in this respect for six consecutive years.

The repor t shows that China's R&D expenditure continued to grow rapidly to reach 1,195.7 billion yuan in 2018, 138 times that of 1991. Its R&D spending intensity exceeded two percent for the first time in 2014 and rose to 2.18 percent in 2018, higher than the EU-15 average. At the current exchange rate, China has become the world's second largest R&D investor after the United States.

China maintains worlds largest pool of R&D personnel

Editors note: This year marks the 70th anniversary of the founding of the Peoples Republic of China. In this issue, we continue publishing a column called Ode to 70 years to help you understand the earth-shaking changes that have taken place in New China. Since In 2018, according to a recent report by the National Bureau of Statistics of China on the countrys socioeconomic achievements in the past 70 years since the founding of New China, the number of Chinese RD personnel totalled 4.19 million, 6.2 times that of 1991. Since it surpassed the United States in the number of RD personnel in 2013, China has ranked first in the world in this respect for six consecutive years. The repor t shows that Chinas RD expenditure continued to grow rapidly to reach 1,195.7 billion yuan in 2018, 138 times that of 1991. Its RD spending intensity exceeded two percent for the first time in 2014 and rose to 2.18 percent in 2018, higher than the EU-15 average. At the current exchange rate, China has become the worlds second largest RD investor after the United States.