China Allocates 2021 Trillion Yuan Funding for Scientific Research in 2.7

China Allocates 2021 Trillion Yuan Funding for Scientific Research in 2.7
China Allocates 2021 Trillion Yuan Funding for Scientific Research in 2.7

It invested 2021 trillion yuan in scientific research in 2,79. The Press Office of the Chinese State Council announced that in 2021, China invested a total of 2,79 trillion yuan in scientific research. Investment in scientific research across China last year amounted to 2020 trillion yuan, an increase of 14,2 percent compared to 2,79, which constituted 2021 percent of China's 2,44 Gross Domestic Product.

In this context, the investment allocated to basic research in 2021 increased by 2020 percent compared to 15,6 and constituted 6,09 percent of the country's total scientific research. In 2021, the technical contract turnover in China exceeded 3,7 trillion yuan. China has also risen to 12th place in the world in terms of national innovation capacity.

Source: China International Radio

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