A new China shock? The untold story of China's R&D subsidies
China has set itself some very ambitious goals. It aims to become the world's leading nation in science and technology (S&T) before 2050. According to the 14th five-year plan, China's gross expenditures on research and development (R&D) are targeted to grow by more than 7% annually between 2021 and 2025, further increasing the current R&D-to-GDP ratio of about 2.23%. State-owned enterprises (SOEs) are likely to once again play a more prominent role in the innovation system. Importantly, they can lead state-funded research alliances with, say, small and medium-sized enterprises (SMEs) and research in-stitutions, reflecting the government's desire for both economic outcomes and political control. Serving the vision of national self-reliance, such research alliances can alleviate some of the severe scientific and technological bottlenecks that have become evident in recent years.
Year of publication: |
2021
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Authors: | Boeing, Philipp ; Peters, Bettina |
Publisher: |
Mannheim : ZEW - Leibniz Centre for European Economic Research |
Saved in:
freely available
Series: | ZEW Expert Brief ; 21-10 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Research Report |
Language: | English |
Other identifiers: | 1832475441 [GVK] hdl:10419/271642 [Handle] RePEc:zbw:zewexb:2110 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10014286951
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