Source: China – South China Morning PostChina’s spending on research and development is on track to exceed the United States by 2025, according to new research.Meanwhile, the US has greatly underinvested in science and innovation, possibly impairing people’s standards of living, health, national competitiveness and capacity to respond to crises, the paper from the Aspen Institute, a Washington think tank, said.“If China implements its current five-year plan, it will soon exceed the United States in total R&D expenditure,” author…Read More