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2007 China’s S&T Financial Input Maintains Stable Growth

According to the S&T Financial Input Report jointly issued by National Bureau of Statistics, MOST and Ministry of Finance, S&T investment in 2007 maintained stable growth. The gross domestic expenditure on R&D (GERD) amounted to RMB371 billion, RMB70.7 billion more than last year, up by 23.5%. GERD as percentage to GDP reached a record high of 1.49% in 2007.