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Reinhilde Veugelers — China is the world’s new science and technology powerhouse

Summary:
Chinese R&D investment has grown remarkably over the past two decades. It is now the second-largest performer in terms of R&D spending, on a country basis, and accounts for 20 percent of total world R&D expenditure, with the rate of R&D investment growth greatly exceeding that of the U.S. and the EU.… This steep improvement in S&T performance has been underpinned by significant strides in science and engineering education. China is now the world’s number one producer of undergraduates with science and engineering degrees, delivering almost one quarter of first university degrees in science and engineering globally.... Policy outcome. China’s rise in science and technology is not an accident. Successive Chinese leaderships have seen S&T as integral to economic growth and have

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Reinhilde Veugelers — China is the world’s new science and technology powerhouse
Reinhilde Veugelers — China is the world’s new science and technology powerhouse
Chinese R&D investment has grown remarkably over the past two decades. It is now the second-largest performer in terms of R&D spending, on a country basis, and accounts for 20 percent of total world R&D expenditure, with the rate of R&D investment growth greatly exceeding that of the U.S. and the EU.…
This steep improvement in S&T performance has been underpinned by significant strides in science and engineering education. China is now the world’s number one producer of undergraduates with science and engineering degrees, delivering almost one quarter of first university degrees in science and engineering globally....
Policy outcome.
China’s rise in science and technology is not an accident. Successive Chinese leaderships have seen S&T as integral to economic growth and have consequently taken steps to develop the country’s S&T-related infrastructure....
The rest of the world is on notice.

Bruegel
China is the world’s new science and technology powerhouse
Reinhilde Veugelers

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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