China Overtakes U.S. For First Time as Top Spender on R&D in 2024

15:47 JST, September 8, 2026 An analysis on research and development spending in major countries in 2024 found that China surpassed the United States for the first time to take the top spot, with Japan ranking third, according to the National Institute of Science and Technology Policy (NISTP). According to the “Japanese Science and Technology Indicators 2026” compiled by the NISTP, under the Educa...