China is a major global player in research and innovation. Chinese R&D spending has now reached 2% of GDP and China has set a target of 2.5% by 2020. China ranks first in terms of R&D staff with 2.5 million researchers. The number of Science and Engineering graduates in China is more than 1.4 million per year. China is a is rapidly closing the gap with the EU and the US in terms of number of scientific publications. To read the whole report, please follow the link http://ec.europa.eu/research/iscp/pdf/policy/1_eu_CHINA_R_I.pdf