At a press conference held by the Information Office of the State Council on October 21, Wang Zhigang, Minister of Science and Technology, unveiled data on scientific research investment. In the past five years, China's total R&D expenditure has increased from 1.42 trillion yuan to 2.21 trillion yuan (about US$320 billion, the average exchange rate in 2019), and the intensity of R&D input has increased from 2.06% to 2.23%. Funding for basic research has nearly doubled, reaching 133.6 billion yuan in 2019. Contract transactions in the technology market doubled to more than 2.2 trillion yuan in 2019. The Global Innovation Index released by the World Intellectual Property Organization shows that China's ranking has jumped from 29th in 2015 to 14th in 2020. Compared with the international level, what is the level of China’s input? According to researchers, the U.S. federal government spent about US$117.7 billion on R&D in fiscal 2018, of which US$28.94 billion was spent on basic research, and basic research accounted for 24.6% of total Federal R&D spending, the highest level since 2010. Although the above-mentioned data on R&D investment between China and the United States are not completely comparable (overall R&D investment VS federal R&D investment). But on a quantitative level, China's R&D spending is already quite large. As for the Chinese economy, it is time to demand more economic returns from investment in science and technology.