News on China's scientific and technological development.
- Thread starter Quickie
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Some really weird predictions on Chinese R&D spending from your RHG report:
"While China’s total S&T spending might still grow in the coming years—especially if it takes some of the steps outlined above—it will most likely be at a much slower pace than over the past decade. This will put Beijing in a difficult spot. China’s research spending as a share of GDP (2.43% in 2021) is still well behind top innovators such as the United States (3.46%), Japan (3.30%), South Korea (4.93%), or Germany (3.13%)"
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Given that the China 2022 figure increased to 2.56%, that means it increased by 0.13% in the space of a year
5 more years of this will put China comparable to Germany.
With another 3 years, China goes past the USA and Japan.
Plus we can see that Chinese companies and the Chinese government both agree they need to derisk - as fast as practically possible - from all foreign technology imports which can be subject to US sanctions whims.
supercat
Major
Does this make sense? Isn't the absolute amount of the total budget for R&D more important than its relative share of GDP? On the PPP basis, China would have one of the highest budget for R&D in the world if it invests 2.43% of its GDP in R&D.
relative share of GDP in R&D spending is useless coz the size of economies ..
in 2022, China's total spending on R&D accounted for 2.54 percent of its gross domestic product last year, up 0.11 percentage points from the previous year. China will hit 3 percent of its GDP mark within 3 years..
(R&D) investment in China grew 10.1 percent last year to 3.07 trillion yuan ($421.97 billion), data from the National Bureau of Statistics (NBS) showed..
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these western shills always forget one thing, $421.97 billion amount is freaking huge in China considering cost , inflation and salaries.
party set the priority of 2024 in last week meeting..
Sci-tech innovation will be top priority of China's 2024 economic work.. more funding to High tech R&D
The percentage of GDP spent on R&D is relevant when you want to consider the "importance" that an economy places on R&D.
If you compare countries on this metric, every country with R&D spending above 1.8% of GDP is/has become high-income.
The notable exception is China, which is still middle-income.
Given that Chinese R&D spending continues to outpace GDP growth, that implies that Chinese R&D spending continues to be very profitable.
That makes sense given that China has a vast market which can be served by domestic companies with domestic technology.
And China still has middle-income cost levels on average whereas every other hi-tech country is much more expensive.
This all implies that China becomes hi-tech and therefore high-income
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What did you expect from the "THINK TANK" who has a person named Jordan Schneider that once proudly proclaimed that China's Semiconductor industry was obliterated overnight when the Biden Administration successfully coerced ASML from providing equipment.
On the report where it said China was leading 37 out of 44 critical technologies, there are parts of AI and quantum computing that U.S is leading.
Do you think when China develop the EUV machine and finally start to manufacture 3nm or lower chips in a few years, that will eliminate the U.S lead in AI and quantum computing? Quantum computing is kind of a big thing
Do you think when China develop the EUV machine and finally start to manufacture 3nm or lower chips in a few years, that will eliminate the U.S lead in AI and quantum computing? Quantum computing is kind of a big thing
Any suspicion of foul play?