A Peek Into the 'Black Box' of Where China’s Hefty R&D Budget GoesChristina Larson
The amount of money China spends annually on research and development has tripled since 1995—reaching $163 billion in 2012, or 1.98 percent of GDP. As China cracks down on corruption elsewhere in government, so too has Xi Jinping’s administration turned greater attention to curtailing massive graft in research fields—including arresting top scientists and administrators suspected of skimming off the top. In June, for instance, Song Maoqiang, former dean of Beijing University of Posts & Telecommunications’ school of computer science and technology, was given a harsh 10-year prison term for embezzling $110,000 in research funds.
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