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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1142)	10/27/2003 8:00:02 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China third in R&D spending: OECD Shanghai October 28, 2003 China has jumped to third in the world in the amount of money it spends on research and development, a report by the Organisation for Economic Cooperation and Development (OECD) shows. Total research and development spending in China in 2001 reached nearly $US60 billion ($A86 billion), behind only the United States and Japan who had expenditures of $US282 billion ($A404 billion) and $US104 billion ($A149 billion) respectively, said the Paris-based group in a report published every two years. China came in ahead of Germany's $US54 billion ($A77 billion), while India spent about $US19 billion ($A27 billion), putting it among the top 10 countries worldwide. The OECD data, which measures trends in the knowledge-based economy, said that spending in China has grown rapidly, from 0.6 percent of gross domestic product in 1996 to 1.1 percent in the latest year. Most of the rise in research and development expenditure is due to higher business investment, a sign that China has moved quickly towards developing its knowledge-based industries. advertisement advertisement In China, 60 percent of the spending in 2001 came from domestic and foreign companies, with the rest coming from the government. In the past two years multinationals such as Alcatel, General Electric and computer chip manufacturers such as Infineon have set up research centres in China in order to take advantage of lower costs and a comparatively cheap, educated labour force. Most of research goes into applied technologies, such as the development of new cell phones or auto technology that then uses conventional engineering techniques. China now has the second highest number of researchers in the world with 743,000, behind the 1.3 million in the United States but ahead of Japan and Russia, with 648,000 and 505,000 respectively. For the group of 30 OECD countries, spending as a proportion of total output in 2001 was 2.3 percent, with major non-OECD economies accounting for 17 percent of global research expenditure. Among individual OECD members, Sweden topped the list with spending at 4.3 percent of total output, while the US was on 2.8 percent and Britain 1.9 percent. AFP ts theage.com.au OECD ranks China third in R&D spending By Peter Marsh in London, Richard McGregor in Shanghai and Mure Dickie in Beijing Published: October 26 2003 21:09 \| Last Updated: October 26 2003 21:09 China ranks third in the world for spending on research and development, according to new figures from the Paris-based Organisation for Economic Co-operation and Development, which underline China's rapid march to industrialisation. news.ft.com