Ready to be world's largest spender on R&D

    By CHENG YU | China Daily | Updated: 2023-10-30 10:06
    Share
    Share - WeChat
    Researchers from an automation equipment company in Nanjing, Jiangsu province, prepare for the radiation emission experiment in an electromagnetic compatibility lab on July 7. [JI CHUNPENG/XINHUA]

    Govt, corporates lead China's big investments for top technologies to boost growth, innovation

    China, including its major corporates, is investing big on research and development for breakthroughs in cutting-edge technologies, to not only make innovation integral to economic growth, but gain a global edge, with 3.08 trillion yuan ($420.9 billion) already allocated for R&D in 2022, up 10.1 percent year-on-year, according to the National Bureau of Statistics, and much more in the offing for the future.

    The R&D expenditure of enterprises reached 2.39 trillion yuan in 2022, up 11 percent year-on-year, contributing 84 percent of the country's R&D growth, up 4.6 percentage points from the previous year.

    Deng Zigang, a researcher of Southwest Jiaotong University in Chengdu, capital of Sichuan province, epitomizes China's recent thrust on R&D. Five years ago, Deng wanted to develop a vacuum-tube maglev. In the initial stages of executing his ambitious project, he targeted a 45-meter loop and a top speed of 50 kilometers per hour. But, some experts were skeptical. They, Deng recalled, said the eventual outcome of his research would be "a toy", not a serious transportation option.

    Such attitudes savaged Deng's confidence, but he did not give up on his dream. Instead, he persisted despite not receiving much recognition for his efforts. Ultimately, his sustained focus on the frontier area paid off — he won the Xplorer Prize co-initiated by Ma Huateng, Tencent Chairman and CEO and founder of the Tencent Foundation, and a number of renowned scientists.

    The prize, launched in 2019, encourages talented young scientists to concentrate on basic research and R&D of frontier technologies.

    "It really meant a lot to me and our research team as we felt more empowered, more confident, and more motivated," Deng said, adding it is gratifying to see his area of specialization has now become a key focus of research both in China and abroad.

    Over the past five years, Deng and his team have developed a high-speed maglev experimental loop in China, making improvements to the project continuously. Theirs is the world's first high-temperature superconductor vehicle test platform that can withstand speeds of up to 620 kilometers per hour, promising a new generation of transportation technology that could benefit not just China, but the entire world. It is an area where several countries and regions are striving for a breakthrough.

    According to the NBS, China will scale up R&D budget by more than 7 percent annually during the 14th Five-Year Plan (2021-25) period. Consultancy McKinsey & Co said in a report that such a growth target will make China the world's largest spender on R&D.

    1 2 3 Next   >>|
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    久久无码国产专区精品| 波多野结衣中文在线| 色综合久久中文综合网| 少妇伦子伦精品无码STYLES| 天堂…中文在线最新版在线| 国产精品多人p群无码| 无码H黄肉动漫在线观看网站| 国产日韩精品无码区免费专区国产| 中文字幕日本精品一区二区三区 | 最近最新免费中文字幕高清| 精品人妻少妇嫩草AV无码专区| 亚洲国产AV无码专区亚洲AV | 天堂Aⅴ无码一区二区三区| 日本阿v视频高清在线中文| 欧洲成人午夜精品无码区久久| 久久午夜无码鲁丝片秋霞 | 天堂在线中文字幕| 人妻无码久久精品| 精品久久无码中文字幕| 亚洲Av无码精品色午夜| 亚洲国产午夜中文字幕精品黄网站 | 高h纯肉无码视频在线观看| 久久无码AV一区二区三区| 亚洲伊人久久综合中文成人网 | 亚洲一区AV无码少妇电影☆| 精品久久久久久久中文字幕 | 最新中文字幕在线视频| 亚洲va中文字幕无码久久不卡| 无码精品人妻一区二区三区AV| 无码人妻精品一区二区| 亚洲AV无码不卡在线播放| A级毛片无码久久精品免费| 日韩精品无码免费专区午夜| 最近中文字幕完整在线看一| 中文字幕一区二区三区在线观看 | 中文字幕乱码人妻一区二区三区| 久久99久久无码毛片一区二区| 国产V亚洲V天堂无码| a最新无码国产在线视频| 久久中文字幕无码专区| 亚洲AV永久无码精品一区二区国产|