China surpasses the EU in RandD
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China’s 2016 RandD expenditure stats are out, and RandD intensity rose to 2.11%. That surpassed the EU-15 countries’ average of 2.08%, according to the stats bureau (NBS).
What’s RandD intensity you ask? RandD expenditure as a percent of GDP.
All told, industry players poured RMB...