China invests nearly $28.3 bln in basic research in 2022

"China invested about ¥195.1 bln (about $28.3 bln) in basic research in 2022, accounting for 6.3% of the total R&D spending", – the Minister of Science and Technology said. This was reported by The Xinhua News Agency.

"China's total expenditure on R&D amounted to ¥3.09 trln (about $448.2 bln) in 2022, accounting for 2.55% of the country's GDP that year", – minister Wang Zhigang told a press conference.

China's hot papers accounted for 41.7% of the global total in 2022, while its highly cited papers accounted for 27.3%. Hot papers are papers published within the previous two years and which were cited enough times in the most recent two months to be placed in the top 0.1% when compared to peer papers.

"China is not only an important participant in international frontier innovation but also an important contributor to solving global problems", – Wang said.

"In 2022, there were 400,000 high-tech enterprises in China, contributing 68% of the total R&D input of enterprises nationwide, and 762 of them were among the world's top 2,500 enterprises in terms of R&D input", – according to the minister.