Source: China – South China Morning PostChina spent a record 2.79 trillion yuan (US$441.3 billion) on research and development last year, an increase of more than 14 per cent over 2020 – when nationwide lockdowns to contain the coronavirus pandemic saw the country post its lowest GDP growth in decades.The R&D spending growth rate in 2021 was more than 40 per cent higher than in the previous year, China’s National Bureau of Statistics said in releasing the data.Beijing’s financial support for scientific research and technological…Read More