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12 November 2011


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John Ross

The $154 billion for China and the $405 billion for the US refers to the size of R&D spending, not the size of GDP - so China's R&D expenditure is 37.9% of the US.


China's R&D spending of 2011 compared with that of US = 1.4%X154/2.7%X405=19.7%. Hpw did you get 37.9%?

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John Ross

  • Is Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China

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