2014 Global R&D Funding Forecast

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In 2014, China will continue its two-decade trajectory in R&D investment, consistent with the current Five-Year Plan (FYP 2011 to 2015). According to our Forecast, China’s research intensity will increase to 1.95% of GDP in 2014. China’s FYP is aimed at achieving 2.2% of GDP by 2015. This rate of growth is expected to continue through the end of the decade as China strives to transition from a manufacturing economy to being “innovation-driven” by 2020.
At current rates of R&D investment and economic growth, China could surpass the U.S. in total R&D spending by about 2022.

SKU: 2014_gff Category: