Chinese companies close R&D spending gap with U.S., led by Huawei
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Chinese companies, led by Huawei Technologies, have closed the gap in research and development (R&D) spending with the U.S. According to a European Commission report, Chinese companies accounted for 17.8% of the total R&D spending by 2,500 leading companies worldwide in 2022, surpassing Europe's ratio of 17.5% and trailing only the U.S. at 42.1%. Huawei is allocating 10% to 20% of its sales to R&D despite U.S. sanctions.

#R&dSpending #ChineseCompanies #Huawei #U.s. #Europe

https://asia.nikkei.com/Business/Business-trends/Chinese-companies-close-R-D-spending-gap-with-U.S.-led-by-Huawei