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Leading the world with key laboratories

A circuit board with car chips from AI specialist Horizon Robotics in Beijing.

China has been catching up in many technology fields for decades and has already become an innovation driver in some sectors. In the 14th Five-Year Plan (2021-2025), the Chinese government has set itself very ambitious yet clear goals. It wants to establish a more innovation-based economy and become the global leader in science and technology by 2050. By 2025, R&D spending alone is expected to increase by seven percent annually. Since the turn of the millennium, spending as a percentage of economic output has already almost tripled (China.Table reported).

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