China Is Catching Up To The U.S. On Science And Engineering Spending

China Is Catching Up to the US on Science and Engineering Spending, Report Finds

America still leads the world, but Asian countries are catching up

Loren Grush | January 19, 2016

Many Asian countries, especially China, have been increasing their investment in scientific research and development at a much faster rate than the United States. That's according to the new Science and Engineering Indicators 2016 report out today from the National Science Board — a group appointed by the president that sets policies for the National Science Foundation. The report details how Southeast, South, and East Asia now account for 40 percent of the world's expenditures in R&D. Asia's advancements are threatening America's leadership in the field, the NSB report argues, as the United States' commitment to science and engineering is wavering.

Source: http://www.nsf.gov/statistics/2016/nsb20161/#/

<more at http://www.theverge.com/2016/1/19/10793294/science-engineering-investment-china-vs-us-national-science-board; related links: http://www.science20.com/news_articles/china_is_beginning_to_catch_up_to_the_us_in_science_and_technology_leadership-163770 (China Is Beginning To Catch Up To The US In Science And Technology Leadership. January 19, 2016) and http://www.nsf.gov/news/news_summ.jsp?cntn_id=137394&org=NSF&from=news (Press Release 16-006. U.S. science and technology leadership increasingly challenged by advances in Asia. China is now decisively the second-largest performer of research and development. January 19, 2016)>