China takes part in science committee

Page 60 

The OECD has invited China to participate as an observer in its Committee for Scientific and Technological Policy (CSTP). This is the first time China has been granted observer status on an OECD committee.

The CSTP addresses a broad range of policy issues, from the financing of research and innovation and the promotion of industry-science relations to the patenting of genetic inventions and international co-operation in large scientific ventures. The OECD has been engaged in dialogue and co-operation with China since 1995.

Through rapid economic growth in the past two decades, China has become the third largest economy by its share of world GDP, and an important global player in high-tech industries.

In 2000, China was the third largest producer of goods in information and communications technologies (ICT) and it is predicted to become the largest ICT hardware producer within the next 10 years.

China is also an important partner in science and technology, with impressive achievements in the past and one of the largest pools of high quality R&D personnel in the world. Science and technology and innovation are among key areas to be strengthened in China’s five-year plan for 2001-2005. China’s minister for science and technology, Guanhua Xu, said in a letter to OECD secretary-general, Donald Johnston, that observership in the CSTP would allow China to learn from the experience of OECD countries through policy discussion and the identification of best practices.

It would also provide fresh impetus to the government’s efforts to enhance the contribution of science, technology and innovation to China’s economic development.

Four other Asian economies, Hong Kong China, India, Singapore and Chinese Taipei are also observers in various OECD bodies.

©OECD Observer No321/232, May 2002




Economic data

GDP growth: +0.6% Q4 2017 year-on-year
Consumer price inflation: 2.6% May 2018 annual
Trade: +2.7% exp, +3.0% imp, Q4 2017
Unemployment: 5.4% Mar 2018
Last update: 06 Jul 2018

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