According to the report "Science and Engineering Indicators 20 16" released by the National Science Foundation on Wednesday, the United States is still the country with the largest expenditure on science and engineering in the world, accounting for 27% of the total global R&D expenditure, followed by China, accounting for 20%. Southeast Asia, South Asia and East Asia account for 40% of the total global R&D expenditure.
According to the report, from 2003 to 20 13, China's investment in R&D increased significantly, with an average annual growth rate of 19.5%. China's industrial investment in high-tech manufacturing, such as aerospace or medical engineering, accounts for 27% of the world's total output, only slightly lower than that of the United States, which accounts for 29%.
In science and engineering education, China's investment far exceeds that of the United States. About 49% of those who obtained bachelor's degrees in all these fields came from China, while only 33% came from the United States. From 2000 to 20 12, the number of people with science and engineering degrees in China increased by 300%.
This report shows that the US federal government's R&D investment in academic and industrial enterprises has declined year after year, reflecting the end of the American Recovery and Reinvestment Act, the introduction of the Budget Control Act and the increasing pressure on disposable funds in the federal budget. In terms of inflation adjustment, from 2008 to 20 13, American R&D fund investment increased by 0.8% on average, which was lower than the annual growth rate of GDP 1.2% in the same period.