Academic journal article Research-Technology Management

OECD Ranks China No. 2

Academic journal article Research-Technology Management

OECD Ranks China No. 2

Article excerpt

R&D spending by China in 2006 will for the first time exceed Japan's, making China the world's second-highest R&D investor after the United States, according to the OECD's Science, Technology and Industry Outlook 2006. Based on recent trends, says the report, China will spend just over US$136 billion on R&D in 2006, beating Japan's forecasted US$130 billion.

The U.S. remains the world's biggest R&D investor, with a 2006 forecast exceeding US$330 billion. The EU-15, which includes France, Germany and the UK, is predicted to spend just over US$230 billion.

"The rapid rise of China in both money spent and researchers employed is stunning," said Dirk Pilat, head of OECD's Science and Technology Policy division. "To keep up, OECD countries need to make their research and innovation systems more efficient and find new ways to stimulate innovation in today's increasingly competitive global economy."

China's spending on R&D as a percentage of GDP (R&D intensity) has more than doubled from 0. …

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