International Comparison of Company R&D Investment between China and Other Innovation Countries: An Analysis Based on Top 50 Investors

Innovation activity of large enterprise can reflect a country's innovation ability, and RD investment behavior can make known the enterprise innovation activity. Based on the data from the 2013 EU industrial RD investment scoreboard, this paper compared the difference of enterprise RD investment between China and USA,Japan, South Korea, Britain, France and Germany, taking top 50 RD investors as study object. Study showed that the growth rate of RD investment of China top 50 RD investors was high, especially Huawei and ZTE,at the same time, there was a wide gap of RD investment, RD intensity and RD Concentration between China and other innovation countries, in addition, top 50 RD investors of China were more distributed in low RD intensity industry than high RD intensity industry. This study provides some possible reasons for China low innovation efficiency from the RD investment perspective.