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Checked by FactCheck.org25 May 2021United States
Joe Biden, President of the United States

“We used to invest more in research and development than any country in the world and China was ... number nine. We now are number eight and China is number one.”

FactCheck.org rated this: Not What Data Show

FactCheck.org says: Latest OECD data show government-financed spending on R&D was 0.66% of GDP (2018) for the U.S. and 0.46% for China (2019). The U.S. also leads in total R&D funding, which includes private business and nonprofit spending.