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China to become second largest R&D spender
China will soon overtake Japan as the world's second heaviest spender on research and development, according to a report from the Battelle Memorial Institute.
A nonprofit group that conducts scientific research, Battelle published its findings today as part of an article in its R&D Magazine. The article and its full supplementary report (PDF) looked at global R&D spending in general and across six specific segments--Information Technology, Electronics, Life Sciences, Aerospace/Defense/Security, Energy, and Advanced Materials.
Next year, China is expected to spend $153.7 billion on R&D, a big jump from $141.… Read more
