{"id":288341,"date":"2019-06-18T16:41:58","date_gmt":"2019-06-18T19:41:58","guid":{"rendered":"http:\/\/revistapesquisa.fapesp.br\/?p=288341"},"modified":"2019-07-01T14:59:41","modified_gmt":"2019-07-01T17:59:41","slug":"china-closing-in-on-the-usa","status":"publish","type":"post","link":"https:\/\/revistapesquisa.fapesp.br\/en\/china-closing-in-on-the-usa\/","title":{"rendered":"China closing in on the USA"},"content":{"rendered":"<p>In 2017, the Chinese government increased research and development (R&amp;D) spending by 12.3%, taking the annual total to roughly US$254 billion, according to an official report released in October. China is the second biggest investor in R&amp;D worldwide, second only to the USA. With last year&#8217;s increase, the difference in the amount invested between the world&#8217;s two largest economies\u2014excluding the European Union\u2014continues to decline. When adjusted by purchasing power parity, the Chinese government invested 88% of the value invested by the USA. &#8220;The year-to-year growth in R&amp;D spending indicates firm governmental and social support for making China a scientific power,&#8221; said Xie Xuemei, an economics expert from the University of Shanghai, in an interview with the <em>Science <\/em>journal website. &#8220;However, there is still a long way to go&#8221; for China to match the research capabilities of developed countries, he added. According to the report, there was a 12.5% \u200b\u200bincrease in investment by businesses (US$196.4 billion in 2017) and an 18.5% increase in basic research expenditure (US$14.1 billion). In 2016, the USA spent US$86.3 billion on basic research. The Chinese government aims to increase R&amp;D investment from 2.13% of GDP in 2017 to 2.5% in 2020.<\/p>\n<blockquote><p>US$254 billion: The approximate value invested in R&amp;D activities by China in 2017<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"US$254 billion was the approximate value invested in R&#038;D activities by China in 2017\r\n","protected":false},"author":475,"featured_media":288346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1651],"tags":[225,234],"coauthors":[785],"class_list":["post-288341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notes","tag-economy","tag-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/posts\/288341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/users\/475"}],"replies":[{"embeddable":true,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/comments?post=288341"}],"version-history":[{"count":1,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/posts\/288341\/revisions"}],"predecessor-version":[{"id":288351,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/posts\/288341\/revisions\/288351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/media\/288346"}],"wp:attachment":[{"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/media?parent=288341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/categories?post=288341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/tags?post=288341"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/revistapesquisa.fapesp.br\/en\/wp-json\/wp\/v2\/coauthors?post=288341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}