2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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GE Global Research
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The National Research Development Corporation (NRDC)
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The Department of Industrial Policy and Promotion (DIPP)
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BMW motors
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Detailed explanation-1: -Bosch to open billion-dollar research and development centre in Suzhou, China.
Detailed explanation-2: -The statistic describes the share of GDP expenditure on research and development (R&D) investment in China from 2012 to 2022. In 2022, China’s investment in R&D as a proportion of GDP reached around 2.56 percent.
Detailed explanation-3: -In terms of absolute expenditures, China is the world’s second biggest spender on R&D, with $468 billion versus the United States’s investment of $582 billion in 2018 according to OECD’s purchasing power parity comparison.
Detailed explanation-4: -Research and development (R&D) includes activities that companies undertake to innovate and introduce new products and services. It is often the first stage in the development process. The goal is typically to take new products and services to market and add to the company’s bottom line.