China snatches first position from European Union in R&D in 2013. - A report published by the OECD on R&D spending in the world, illustrates that China is steadily assuming global leadership in this field. According to the Science, Technology and Industry: 2014 Prospects report, OECD countries only account for 70% of global R&D spending as opposed to 90% 10 years ago. The slack has been taken up by China and experts estimate that this year, for the first time ever, this country's R&D...