R&D Spend Soars at Chinese Universities

Source: China Daily


Research and development spending by Chinese universities totaled 99.86 billion yuan ($15.25 billion) in 2015, 3.6 times the level in 2006, according to a report on the innovation capacity of Chinese universities released by the Ministry of Science and Technology. The report said 136,000 patents were granted to universities nationwide in 2015, 9.2 times the number 10 years ago and accounting for about 20 percent of the national total.