China in 70 years: China's spending on research and experimental development grows rapidly

After the founding of the People's Republic of China, China has made considerable progress in scientific undertakings. Especially since the beginning of the new millennium, China's spending on research and experimental development has increased rapidly. It has risen from 12.5 billion yuan in 1990 to 1.97 trillion yuan in 2018, paving the way for a series of major scientific and technological achievements.