Investment in R&D in China places the country as one of the world's technological powers

The Asian giant does hard work

The government itself promotes the growth of the technology sector, which in turn is slowed down by its own policies and different sociocultural aspects, as analyzed by SedeenChina.

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Find a space between technology leaders of the world is not an easy task, but China is carrying out hard work to achieve that goal. From HeadquartersChina, a consulting firm whose objective is to support companies that decide to establish themselves in the eastern giant, analyze the keys that are elevating the Asian giant to the head of the sector.

 

The state has contributed to China 's transformation into a technological giant by offering very aggressive funding for innovation. Investment in R&D (considered a percentage of China's GDP) has increased considerably from less than 1% before 2000 to 2% in 2015, and forecasts point to 2,5% in 2020. According to the latest data, China's contribution to global R&D spending places it ahead of Japan and Germany , and not far behind the United States , which leads the way.

 

Enrollments in doctorates related to science and engineering have increased exponentially in the country in recent years. To reinforce this growth, the Government launched several programs aimed exclusively at promoting scientific talent.

 

 

The innovative effort in China is palpable, and has translated into an increase in annual spending close to 15% in the last decade

 

 

 

China 's innovative drive is palpable, resulting in a nearly 15% increase in annual spending over the past decade. The Chinese government aims to position the country as a global technological leader and has therefore created an ambitious plan encompassing all sectors related to artificial intelligence . This plan will initially focus on developing and refining the country's overall technology. The ultimate goal is to have all systems controlled by artificial intelligence, from industrial applications across various sectors to everyday devices.

 

SedeenChina states that "one of the goals pursued by the Chinese government is to make all its cities smart , and the transformation is gradually beginning with the development of 500 urban centers controlled by technology."

 

It is clear that the advance of the Asian giant is unstoppable and all its technological bets, backed by significant investment, are generating a sense of fear for those countries that see how they may suffer the consequences.