China overtakes US to lead global R&D spending, hitting $615 billion
China has overtaken the United States to become the world's largest research and development spender, with outlays reaching $615 billion. The shift marks a new stage in the intensifying technology and innovation rivalry between the two countries.
New figures show China has raised its research and development spending to $615 billion, making it the world's largest R&D spender and overtaking the United States, which had long held the top position.
The shift comes as Beijing has accelerated state-backed investment in advanced technology fields ranging from semiconductors to artificial intelligence in recent years. Analysts say the spending increase is closely tied to China's broader push for technological self-sufficiency.
US policymakers may now face pressure to boost their own R&D investment in response. Experts say the shift could reshape the balance of global technology competition in the years ahead.
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