After ancient China gave the Four Great Inventions to the world, it has kept silent for centuries. But “now it wants to start innovating again.” From BBC News:
Since 1999, Chinese spending on research and development has grown by 20% every year. Hu Jintao has set a research and development target of 2.5% of gross domestic product by 2020. The country’s spending is now starting to have a global impact.
The Organisation for Economic Co-operation and Development (OECD) says that China has now overtaken Japan’s research and development spending….[Full Text]
[Image: Young Chinese are increasingly involved in technological innovation, via BBC News]