Research and development (R&D) investments in China have been growing at an average rate of 23 percent a year over the past decade. However, most of these funds have been directed towards development. For instance, in 2009, basic and applied research spending constituted 17 percent of total R&D expenditures in China, as compared to approximately 50 percent in the United States. The Chinese government is attempting to bring R&D spending more into balance by increasing funding for basic research to 15 percent of total science expenditures by 2020. This would nearly triple the proportion of R&D funding spent on basic research in China.
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