Home / China / Innovation

China's R&D spending reaches 2.1% of GDP in 2016

Xinhua | Updated: 2017-10-19 20:34

China's R&D spending reaches 2.1% of GDP in 2016

A drone developed by DJI Technology Co is on show at an exhibition in Las Vegas, the United States. [Photo/Xinhua]

BEIJING -- China's spending on research and development (R&D) accounted for 2.1 percent of GDP in 2016, the Ministry of Science and Technology announced Thursday.

The spending reached 1.54 trillion yuan ($233 billion) last year, with over 78 percent coming from enterprises.

Based in the south China city of Shenzhen, Chinese drone manufacturer DJI-Innovations (DJI) has pioneered the development of drones with its products gaining 80 percent of the global market share.

With the addition of innovative enterprises like DJI, the production value of the seven "strategic emerging industries," such as biology and the internet, has enjoyed an average annual increase of 17.4 percent in Shenzhen, according to the ministry.

The scientific and technological progress contribution increased to 56.2 percent in China's economic growth in 2016, the ministry said.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349