Earlier this month, the Chinese Ministry of Science and Technology released a report detailing a speedy increase in scientific and technological innovation in the country. According to the report, in 2015, academic R&D funding was approximately CNY 100 billion ($15.0 billion), 2.6 times more than in 2006. Public and private R&D funding to higher education institutes in 2015 was over CNY 35 billion ($5.3 billion).

Compared to 2006, full-time R&D personnel in higher education institutions in China has increased 46.7%, reaching 355,000 in 2015. The number of patents also increased from 2006, with 8.2 times more patents licensed in 2015, totaling 136,000, which includes 57,000 innovation patents.
Source: Xinhua