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EU to step up R&D to face Chinese competition

13 Oct '05
1 min read

The European Commission has launched an initative to boost the bloc's research investment, while highlighting recent figures from China where R&D spending is shooting up by 20 percent a year.

The commission's action plan - presented on Wednesday (12 October) - includes 19 initiatives such as the redeployment of state aid, introducing more effective protection of intellectual property and strengthening university-industry links.

Member states had already agreed five years ago to raise overall research investment in the EU from 1.9% of GDP to around 3% by 2010.

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EU Observer

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