BEIJING, Feb. 22 (UPI) --
China's National Bureau of Statistics said research and development spending reached a milestone of 1 trillion yuan or $162.2 billion in 2012.
Spending on researched reached 1.97 percent of China's gross domestic product in 2012, Xinhua reported Friday.
That's a jump from 1.84 percent of the GDP in 2011 and 1.75 percent in 2010.
As a result, patents issued in 2012 from both domestic and foreign offices jumped 26.1 percent to 217,105, the State Intellectual Property Office said.
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.