(CFP Photo)

Jiangsu's research and development (R&D) spending in 2021 reached 343.86 billion yuan, second highest among province-level regions in China, a year-on-year growth of 14.4%, according to the province's Bureau of Statistics.

10 cities in Jiangsu Province spent more than 10 billion yuan on R&D, and the top five performers are Suzhou, Nanjing, Wuxi, Changzhou and Nantong.

The R&D expenditure by enterprises and higher education institutions amounted to 301.93 billion yuan and 17.92 billion yuan respectively, up 14.8% and 16.4%.

In terms of the source of funds, the government invested 26.32 billion yuan, down 6.3% from the previous year while enterprise contributed 306.53 billion yuan, up 14.9%. The R&D spending also included 11.01 billion yuan from overseas, which had an increase of 95.3%.