More than 367,000 technical contracts were signed in China in
2017, up 14.7% from the previous year, according to the Ministry of
Science and Technology on February 11.
The transaction volume of the contracts totaled 1.34 trillion
yuan (213 billion USD), with a year-on-year increase of 17.7%.
Technical service contracts totaled 682.6 billion yuan in value,
an increase of 16.7% from 2016. Contracts for technical development
also saw a rise in transaction volume.
Electronic information, urban construction and social
development, and transportation are the top three fields that
gained the most value.
The transaction volume of aeronautics and astronautics contracts
went up 59% while those for nuclear application technology went
down 62% than the previous year.
