Economic dataGovernment leaders

China’s R&D spending hits record 2.8% of GDP, beating OECD average for the first time

South China Morning Post30 September 2026, 06:01 UTCPeople's Republic of China

For the first time, China’s spending on research and development as a share of gross domestic product has surpassed the average for Organisation for Economic Cooperation and Development (OECD) members – a trend one analyst expects to continue as Beijing seeks to strengthen technological self-reliance amid intensifying global competition. R&D expenditure exceeded 3.92 trillion yuan (US$584.8 billion) in 2025, accounting for 2.8 per cent of GDP, Science and Technology Minister Yin Hejun said at a...

Read the full story at South China Morning Post Open in the live monitor

Related discussion groups

No group discusses this yet. Start a discussion group and attach this story.

More news about People's Republic of China

After a yearslong slump, China's real estate market may be set for a turnaroundCNBC8 October 2026, 09:27 UTCPeople's Republic of ChinaA recovery in China's largest cities real estate markets could come as soon as next year, the S&P ratings agency said.
Uniqlo sees profits soar in China despite Beijing-Tokyo tensionsSouth China Morning Post8 October 2026, 09:15 UTCPeople's Republic of ChinaFast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in...
Trump pushed Xi to end Japan freeze, but Chinese leader unmovedSouth China Morning Post8 October 2026, 09:11 UTCPeople's Republic of ChinaGovernment leadersUS President Donald Trump pressed Chinese counterpart Xi Jinping during last month’s summit to end a deep freeze in relations with Japan’s Sanae Takaichi, the South China Morning Post reported. Tru...
China’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placementSouth China Morning Post8 October 2026, 08:31 UTCPeople's Republic of ChinaStock marketShares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placem...
China has nominated health official Song Li as WHO head - ReutersReuters8 October 2026, 08:17 UTCPeople's Republic of ChinaChina has nominated health official Song Li as WHO head Reuters
Chinese team says its all-in-one mini artificial pancreas offers next-gen diabetes careSouth China Morning Post8 October 2026, 08:00 UTCPeople's Republic of ChinaChinese scientists have created a wearable all-in-one device combining a glucose sensor and insulin micropump that they say paves the way for a fully autonomous mini artificial pancreas, although i...
Handelsconfrontatie dreigt: ‘supercruciale’ ontmoeting EU en ChinaNOS8 October 2026, 07:40 UTCPeople's Republic of ChinaLeader meetingsPeking is vandaag en morgen het decor van een ontmoeting tussen de Europese Unie en China. Na maanden van oplopende spanningen over de onderlinge handel, ontmoet Eurocommissaris van Handel Sefcovic...
US AI firm Anthropic enables Chinese-language options for Claude chatbotSouth China Morning Post8 October 2026, 07:38 UTCPeople's Republic of ChinaUS artificial intelligence company Anthropic has introduced Chinese-language options to its Claude chatbot in supported markets, even as it continues to block users from mainland China. Checks by t...

More on Economic data

Oil prices rise sharply on Middle East tensions and US hurricane threatThe Guardian8 October 2026, 08:44 UTCUnited States of AmericaStock marketGlobal bond market sell-off continues and stocks fall amid another wave of potential strikes against IranBusiness live – latest updatesOil prices have risen sharply amid fears about escalating tens...
Raiffeisen bank raises growth forecast for Swiss economy - SWI swissinfo.chGoogle News8 October 2026, 08:39 UTCSwitzerlandEconomic dataRaiffeisen bank raises growth forecast for Swiss economy SWI swissinfo.ch
Polish Debt Collector Kruk Eyes US, UK as Europe Loses MomentumBloomberg8 October 2026, 08:38 UTCPolandEconomic dataPolish debt collector Kruk SA is working to accelerate expansion into the US and UK as it looks for a new engine of growth beyond continental Europe.
Legacy Private Credit Loans Face Refinancing Risks as Rates RiseBloomberg8 October 2026, 08:32 UTCSingaporeEconomic dataPrivate credit borrowers that loaded up on debt when interest rates were low could face refinancing pressure as they approach maturity, according to investors speaking at a forum in Singapore on Th...
Meer onderhandelingsruimte voor kopers, maar toch nog krapte op woningmarktNOS8 October 2026, 08:00 UTCEconomic dataHoewel er meer ruimte is voor woningkopers om te onderhandelen, houdt de krapte op de woningmarkt aan. Dat concludeert de makelaarsvereniging NVM. Het afgelopen kwartaal verkochten aangesloten make...
Rupee Slide Tests RBI’s Multiple Defenses as Record Low NearsBloomberg8 October 2026, 07:22 UTCIndiaEconomic dataIndia’s central bank has put all kinds of support around the rupee, and it’s only just stopping the currency from hitting a record low.