China will overtake the U.S. in spending on R&D by 2020 on a purchasing power parity basis, according to analysts from Credit Suisse Group AG. That’ll help China shift from investment-driven to knowledge-intensive growth as its labor force shrinks.
China will overtake the U.S. in spending on R&D by 2020 on a purchasing power parity basis, according to analysts from Credit Suisse Group AG. That’ll help China shift from investment-driven to knowledge-intensive growth as its labor force shrinks.
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