To Understand Chinese Innovation Success, Look No Further Than Government R&D Subsidies

October 29, 2019

Examining the effects that Chinese anticorruption campaigns had on government R&D subsidies, the study estimated that the Chinese governments (national, provincial, and local) paid for a whopping 22.2 percent of business R&D in 2015, with 95 percent of Chinese firms in 6 industries receiving government cash—petrochemicals, electronics, metals and materials, machinery and equipment, pharmaceuticals and biotechnology, and information technology.