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Expenditure on research and development of government appropriation funds in China increases in 2016

According to updated figures issued by China National Statistical Office, expenditure on research and development barely grew by 2.71% in 2016. The variable slightly went up from 1 802.69 hundred million Yuan Renminbi to 1 851.6 hundred million Yuan Renminbi, as it follows the tendency of the previous year when it increased by 14.02%. It hit its 14-year peak. The overall changes for the prior 14 years attained a rise of 478.03%. Furthermore, it has shown a 0.07% compound average annual growth rate over the five years with a negligible overall growth since the start of time series. It averaged 990.32 hundred million Yuan Renminbi from 2003 to 2016 and it reached its minimum of 320.33 hundred million Yuan Renminbi in 2003.

Expenditure on research and development of government appropriation funds in China increases in 2016
Date Hundred Million Yuan Renminbi Variation
2016 1 851.60 2.71
2015 1 802.69 14.02
2014 1 581.00 6.74
2013 1 481.23 14.58
2012 1 292.71 16.87
2011 1 106.12 6.72
2010 1 036.50 22.01
2009 849.50 21.41
2008 699.70 18.01
2007 592.90 23.21

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