China to become second largest R&D spender

Expected to shell out $153.7 next year, China will surpass Japan as the world's second biggest spender on research and development, according to the Battelle Memorial Institute.

Source: http://news.cnet.com/8301-1001_3-20025751-92.html?part=rss&subj=news&tag=2547-1_3-0-20

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