In 2023, the business enterprise R&D expenditure in China's manufacturing sectors of fabricated metal products, computers, electronics, optical products, electrical equipment, machinery, motor vehicles, and other transport equipment, stood at 323 billion USD PPP. Between 2024 and 2028, this expenditure is forecasted to grow robustly. The year-on-year growth rates indicate a steady increase, starting from 9.3% in 2025 to 7.1% in 2028. Over this period, the CAGR is expected to be approximately 8.7%, highlighting significant annual expansion.

Future trends to watch for:

Advancements in technology-driven sectors such as AI, IoT, and green energy solutions.
China's policy initiatives to boost domestic innovation and technology independence.
Global trade dynamics and their potential impact on investment in R&D.