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In China, R&D grew in 2012

Published By United Press International
BEIJING, Feb. 22 (UPI) -- China's National Bureau of Statistics said research and development spending reached a milestone of 1 trillion yuan or $162.2 billion in 2012.

Spending on researched reached 1.97 percent of China's gross domestic product in 2012, Xinhua reported Friday.

That's a jump from 1.84 percent of the GDP in 2011 and 1.75 percent in 2010.

As a result, patents issued in 2012 from both domestic and foreign offices jumped 26.1 percent to 217,105, the State Intellectual Property Office said.
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Race winner Bradley Wiggins of Great Britain (C) stands between second place finisher Christopher Froome of Great Britain (L) and third place finisher Vincenzo Nibali of Italy on the presentation podium following the final stage of the Tour de France in Paris on July 22, 2012. Wiggins of Great Britain became that country's first ever overall winner of the Tour de France. UPI/David Silpa