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The report also reveals that China has overtaken Japan as the second-highest funder of global R&D. China's investment in R&D has not suffered from the economic recession; in fact, the country has increased R&D spending by approximately 10% each year for roughly a decade.
"The continued expansion of R&D in China is both inspiring in magnitude and worrisome from a U.S. competitive perspective," said Marty Grueber, a Battelle research leader and co-author of the report. "The Chinese are doing everything in their power to grow and develop through an increasing understanding and emphasis on research and technology. Even most of their highest ranking political leaders are engineers."
In addition, emerging economies are expected to begin making more of an impact in the global R&D arena. In addition to China, countries such as Korea, India, Russia and Brazil are increasing their rates of R&D spending at a quicker pace than traditional leaders U.S., Japan, and Germany.
Manufacturers in our industry have continued their innovation efforts despite these trying economic times, and our annual R&D Lab Equipment and Instrumentation Directory is here to help that trend continue. Take a look, and be sure to keep the directory handy when sourcing your R&D project needs. Suppliers of products ranging from balances and blenders to X-ray diffraction instruments are listed, along with contact information.* The quick-scan chart is designed to help you easily locate the products you need to continue to focus your R&D efforts and maintain an edge in the marketplace.
*Supplier listings indicate paid advertising. Contact Ginny Reisinger at email@example.com for pricing.