Home » The 2020 China Innovation Index shows that China’s innovation capability and level continue to improve

The 2020 China Innovation Index shows that China’s innovation capability and level continue to improve

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The 2020 China Innovation Index shows that China’s innovation capabilities and levels continue to improve


October 30, 2021 11:44:21

Source: CCTV


The National Bureau of Statistics today (October 29) released the 2020 China Innovation Index. Statistics show that China’s innovation index will reach 242.6 in 2020, an increase of 6.4% over the previous year, and innovation capabilities and levels will continue to improve.

Specifically, in 2020, China’s investment in research and experimental development will reach 243.931 billion yuan, an increase of 10.2% over the previous year. It has achieved double-digit growth for five consecutive years. New high since the year.

The output of innovation has grown rapidly. In 2020, the number of domestic patent authorizations in China will reach 3.521 million, a sharp increase of 42.3% over the previous year. The value of contract transactions in the technology market has increased rapidly, and technology transfer and transformation have continued to accelerate.

At the same time, the effect of preferential tax policies for corporate R&D expenses continues to show. In 2020, among the industrial enterprises above designated size, there will be 71,000 beneficiaries, and the tax reduction and exemption will reach 171.34 billion yuan, an increase of 22.4% over the previous year, and the innovation environment will be further optimized.

Editor:

Dong Shentao

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