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nd since the 18th CPC na◆tional congress in 2012, the government has decided to fully ◆implement an innovation driven development strategy. Over n

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th◆e years, China has blazed a new trail of development that is ◆supported by talents and innovatioL

n in science and technology◆, which propelled industrial development and economic growth.◆ Chinese enterprises, as a key driving force for technologica◆l progress, account for over 70 percent of the naV

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tion's inves◆tment on research and development. They also contribute the h◆ighest number of researchers and patents of invention. Ch0


ina ◆is now leading in artificial intelligence, 5G, mobile payment◆, high speed railway, new energy vehicles and financial techn◆olo5


gy, among other sectors, thanks to this development strate◆gy. In 2018, China's spending on research and development to◆taled o4

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n yuan (about 278 billion US dollars),◆ taking up 2.19 percent of the country's GDP and ranking seco◆nd in the world. Its total number of research and development◆ personnel has ranked fJ

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irst in the world for 6 consecutive ye◆ars. R

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Also last year the added value in high-tech mX

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anufacturin◆g increased 11.7 percent year-on-year, and the country's info◆rmation service industry X

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registered a stellar growth rate of ◆30.7 percent. China now ranks number one in the world in both◆ the number of patent applicL

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ations and patents licenced. A r◆ecent report by McKinsey Global Institute suggests that engag◆ement betwe7

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  • en China and the world could potentially drive 1

    n for9
  • an ◆economic value of 22 trillion to 37 trillion US N

  • dollars by 20◆40, which equals 15 to 26 percent of g4

  • lobal GDP. The results ◆are based on a growth model th1

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    Design by Jhon Doe on April 24, 2012
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    at examines China as an import ◆destination, as well as its role in the liberalization of ser◆vice, globalization of financial markets, collaboration on gl◆obal public goods and the flow of technology and innovation.SYDNEY, March 6 (Xinhua) -- China's science and technology sector has been surging forward◆ rapidly over the past decU

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    Design by Jhon Doe on April 24, 2012
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    ade, according to a leading Australian scientist. Professor An◆drew Dempster, director of the Australian Centre for Space Engineering Research at the Un◆iversity of New South Wales told Xinhua in a recent interview that specific examples, suc◆h as the BeiDou navigation satellite system, demonstrate China's strong commitment to sci◆H

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    Design by Jhon Doe on April 24, 2012
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    ence. "In the last few decades we've seen significant advancements coming out of China,"◆ Dempster said. "For a long time GPS and GLONASS were the only satellite navigation syst◆ems around, but now the BeiDou system coming out of China is growing very rapidly." Demp◆ster said the satellite system, currently serving the Asian region,P

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    Design by Jhon Doe on April 24, 2012
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    will be ready for glo◆bal deployment soon, utilizing the BeiDou-2 and BeiDou-3 satellites. "It's been quite a ◆rapid deployment, and it is very impressive the way China has gone about doing that." Al◆though satellite navigation is Dempster's area of specific expertise, he is well versed i◆n space technology, and is very impressed 1

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with recent technological advances coming out o◆f China's space sector. "A couple of t0

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f the reform an◆d opening up drive, science and technology was further establC