Beijing R&D investment 'on a par with developed countries'

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Beijing’s investment in research and development accounted for 5.94 percent of the capital city’s GDP last year, making it the country’s top one to do so.

Beijing’s R&D input is on a par with that in developed countries, said Yin Hejun, deputy mayor of Beijing, on June 3.

But the investment from the corporate sector is lower than the national average, as it registered only 34.1 percent of the city’s total R&D input in 2015, compared to 85.4 percent in Guangdong Province and 57.8 percent in Shanghai. The country’s average level was 78 percent in 2015.

The deputy mayor said businesses in Beijing need to play a greater role in leading innovation, and the city will support the construction of the newly proposed Xiongan New Area with its advanced technology.


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