China’s Global Tech Contribution

The Chinese Academy of Science and Technology for Development recently published a blue book entitled Growing up in Reform and Opening up, which contains a set of data that illustrates the contribution of China’s scientific and technological progress to the world since the policy of reform and opening up was launched in China 40 years ago. According to the blue book, since the beginning of the 21st century, China’s R&D investment has increased from 89.6 billion yuan ($12.9 billion) in 2000 to 1.75 trillion yuan ($252 billion) in 2017, accounting for 2.12 percent of the country’s GDP.