CHINA’S INVESTMENT IN TECHNOLOGY. “Between 2000 and 2008 Gross Domestic Expenditures on Research and Development (GERD) rose by an average of 22.8% annually which increased the share of GERD to GDP from 0.9% to 1.54%. China aims to increase this to 2.5% by 2020. In 2008 82.76% went to experimental development, 12.46% to applied research, and 4.78% to basic research.””
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