I prefer some hard numbers.
n a recent report, the Organisation for Economic Co-operation and Development said spending on R&D in China had increased by a “stunning” 19 per cent a year in the decade from 1995. By 2005, R&D spending had reached $30bn, ranking China sixth in the world and more than doubling its R&D/gross domestic product ratio to 1.34 per cent, a level matching some OECD countries, it said.
FT.com / Reports - Innovation: Research and development is slow to grow