China’s spending on research and development hits a record $378 billion

Source: CNBC KEY POINTS China’s National Bureau of Statistics said that R&D spend, which looks to develop new services or products, accounted for 2.4% of China’s gross domestic product. The bureau said that by the end of 2020, China had 522 “national key laboratories” and 350 “national engineering research centers” in operation. China’s spending on … Read more