Country Needs to Focus on Basic Research August 31, 2007 – To accomplish its goal of becoming an innovation-oriented economy, China must make a number of changes in its R&D investments. The analysis was contained in a new study published by the Organisation for Economic Co-operation and Development (OECD). China has come a long way quickly, raising its R&D spending by 19% annually since 1995, to the point where it hit $30 billion in 2005, and it has greatly increased the number of skilled workers in science and technology. Nevertheless, the OECD made a number of recommendations to help China make a better return on its investment...
