China among world’s top investors in science

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China, Japan, Singapore and South Korea have vividly demonstrated how significant investment in science can help to fuel national economic growth, according to latest research of Nature.

The Nature magazine, a prominent interdisciplinary scientific journal, published its Nature Index on Nov 13, a database of author affiliations and institutional relationships that are used to track contributions to articles published in top-class science journals.

At world level, East and Southeast Asia ranks the third measured by the countries’ average contribution to each scientific research paper, while three of the world’s top 10 biggest contributors – China, Japan and South Korea – are from the region.

“The most important factor is the absolute increase in the budgets spent on R&D in the region,” Nick Campbell, Executive Editor of Nature and Greater China Head of Nature Publishing Group, told China Daily in an email.

“As the prime funder of fundamental research, the government of any nation with serious science and technology ambitions naturally plays an enormous role in determining how that translates into knowledge-based economic outcomes,” he said.

China’s R&D spending reached as high as 1.18 trillion yuan ($192.81 billion) in 2013, or 2.08 percent of the country’s GDP, according statistics released by the National Bureau of Statistics.

At the same time, China’s weighted fractional count (WFC) – a measure of a country’s relative contribution to each paper – increased by 15 percent in 2013 over 2012.

“This is even more impressive when com¬pared to an increase of less than 1 percent, or even a decrease, for all other top 10 WFC countries,” Campbell said.

China’s heavy R&D investment came along with the central authority’s innovation-oriented strategy, which was put forward at the 18th CPC National Congress in Nov 2012.

With changes in China’s development, the strategy takes innovation has as the key to transforming development and optimizing the economic structure, which, on the other side, rose criticism for the relatively low investment on fundamental research.

For example, the country’s spending on fundamental research remained around 5 percent to the total R&D fund since 2006.

“Compared to China and South Korea, Japan has greater funding for basic science,” KAIST’s Soon Park was quoted in the Nature Index Global, adding that science in these latter two countries is often perceived in “utilitarian terms”.

“Every country is unique in terms of how such development plays out, but China, like any country, can learn from the experiences of others. For example there is a lot to be admired in how Korea innovates in its high-tech industry, driven by several world-leading companies,” Campbell said.

“I am sure there are many in China that would advocate for a bigger focus on fundamental research if it could guarantee a long-awaited Nobel Prize winner.”

 

 

Source : China Daily | November 19, 2014

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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2 Responses to China among world’s top investors in science

  1. ecohorizons says:

    Reblogged this on آفاق إقتصادية and commented:
    China is on its way to become a developed and greatly industrialized country since it is increasing its research and development year after year.

  2. ecohorizons says:

    China ison its way to become one of the top developed countries scientifically , technologically and economically because it is investing in an increasing trend in research and development, so there is no surprise that economic growth inChina has been more than 7 years last year and it economic weight has developed.

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