China R&D market
China has exceeded the European Union for its research spending to GDP according to OECD statistics. South Korea remains, by far, the country that invests the most proportionally in R & D.
The new statistics confirm that the term "emerging" is less appropriate to the second world economy. For the first time, in 2012, China spent more than the European Union (EU) in research and development (R & D), in proportion to its GDP (Gross Domestic Product). According to statistics released Monday by the OECD, the Chinese have spent 1.98% of their GDP on research, a tenth of a point higher than the EU of Twenty-Eight has invested 1.97%. Chinese dynamism is spectacular, because since 2000, the wealth devoted to science and innovation in Europe has risen from 1.74% to 1.97% while in China, it has more than doubled, starting from 0 90% to 1.98%. The EU of Twenty-Eight weighing heavier than the Chinese economy, the expenditure in absolute terms are higher in Europe, around € 225 billion, against EUR 178 billion for China.
European R&D dicreases !
Among developed countries, South Korea is in the lead, before Israel. She spends 4.36% of its wealth generated research, an increasing effort for over ten years via twitter.
Beyond the competition between China, Korea and the "old nations", the total R & D expenses increased by 2.7% compared to 2011 in absolute value across the OECD. For the second consecutive year, according to the international organization it is located above the level before the crisis. "This increase is mainly in the business sector, the latter often having benefited from indirect tax incentives, the statement said, while public R & D budgets have remained stable or declined in many countries"
written by Gong Peng