Percent: China and Chinese Experts

percent: China's investment in R&D in 2018 increased 11.8 percent year on year and was the third double-digit growth in three continuous years, the People's Daily reported on Saturday, citing a National Bureau of Statistics report, according to Global Times China. The input accounted for 2.19 percent of China's 2018 GDP and surpassed 2.13 percent achieved by 15 European countries in 2017, according to the People's Daily. Photo VCG China's investment into research and development R&D reached 1.97 trillion yuan 275 billion in 2018, which Chinese experts said demonstrates the country's improved competitiveness in science and research amid the shift from importing technologies to independent innovation. Chinese experts said the growth reflects the improvement of China's science and technology and shows China is transforming from import and imitation to independent innovation. As China restructures its industry and remains in urgent need of high-quality development, innovation has become a major force to drive economic development, Ju told the Global Times on Sunday. Growth comes along with an international trend of scientific and technological revolution, said Ju Jinwen, a research fellow at the Chinese Academy of Social Sciences' Institute of Economics in Beijing. (news.financializer.com). As reported in the news.

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