China is expected to take the lead in research and development spending around 2022
Global research and development (R and D) spending is forecast to grow by 3.8 percent—or $60.0 billion—to $1.6 trillion in 2014, according to the closely watched annual forecast by Battelle and R and D Magazine. After a flat year of R and D spending in 2013, the U.S. is projected to show modest growth while …