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How will Chinas surging R&D investment impact hiring?

31 July 2019
In the News

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Note: This article was originally published in DSJ Global in July 2019. Dr Yanfei Li was featured.

​In 2018, China’s corporate spending on research and development (R&D) surged by 20%. While PwC reported that Chinese companies spend on R&D grew the most globally in the 12 months to June 2018, at an increase of 34%. However it’s being measured, one thing is clear: Chinese firms are investing heavily in R&D and are almost to the point of parity (in terms of spending power, if not dollar for dollar) with the US. According to the Brookings Institute, this upswing in R&D investment has bolstered the country’s economic growth.

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