According to a bulletin released by the Ministry of Science and Technology on Thursday 11 October 2020, in the first half of 2018 a total of 134,012 technology contracts were signed nation-wide, with the total value of deals reached amounting to 585.6 billion RMB (ca. 73 billion EUR), a +43.8% increase compared with the previous year.
In terms of type of contracts signed:
- Technology service contracts: 303.3 billion RMB (ca. 37.9 billion EUR), +46.5% yoy;
- Technology development contracts: 206.4 billion RMB (ca. 25.8 billion EUR), +49.9% yoy;
- Technology transfer contracts: 57.6 billion RMB (ca. 7.2 billion EUR), +15.4% yoy;
- Technology consulting contracts: 18.1 billion RMB (ca 2.3 billion EUR), +44.4% yoy.
In terms of industry sectors:
- Electronics and information: 168.5 billion RMB (ca. 21 billion EUR), +21.5%;
- Modern transportation technologies: 85.3 billion EUR (ca. 10.6 billion EUR), +73.2%;
- Advanced manufacturing technologies: 78.5 billion EUR (ca. 9.8 billion EUR), +154.8%;
- New materials and their application: 20.2 billioN EUR (ca. 2.5 billion EUR), +150.5%;
- Nuclear application and agricultural technologies registered a slight decrease compared to the previous year.
In terms of main actors involved:
- Enterprises: 73% of total contracts signed nation-wide, for a total value of 534 billion RMB (ca. 66.7 billion EUR), corresponding to 91% of the total value of contracts nation-wide;
- Research structures: 10% of total contracts signed, for a total value of 30.7 billion RMB (ca. 3.8 billion EUR), +15.7% yoy;
- Institutes of higher education: 12% of total contracts signed, for a total value of 10.4 billion RMB (ca. 1.3 billion EUR), +21% yoy.
Contract involving technology secrets were the most profitable deals, with over one-fourth of the total value genereated coming from this area.
Finally, deals involving technologies generated under government-funded programmes and projects also increased substantially in 2017 (+55% yoy), amounting to a total of 86.6 billion RMB (ca. 10.8 billion EUR), around half of which from provincial-level programmes.