or science a

nd technology
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e forces. And sinc

ectors, thanks to this development strategy.In 2018, China's spending on research and development totaled over ▓1.97 trillion yuan (about 278 billion US dollars), taking up 2.19 per▓cent of the country's GD

PC national congress in

P and ranking second in the world. Its total▓ number of research and development personnel has ranked first in the world for 6 consecutive years. Also last year the added value in high-tech manufacturing increased 11.7

vernment ha▓s d

▓percent year-on-year, and the country's information service industry registered a stellar growth rate of 30.7 percent. China now ranks number one in the world in bot▓h the number of patent applications and patents li▓cenced.A recent report by McKinsey Global Institute suggests that engagement between▓ China and the world could potentially drive an economic value of 22 trillio?/p>

lly implement an innovation driven development str

坣 to 37 trillion US dollars by 2040, which equals 15▓ to 26 percent of global GDP. The results are based on a growth model that exami▓nes China as an import destination, as well as its role in the liberalization▓ of service, globalization of financial