The forecast for higher education spending on R&D in China shows a steady increase from 2024 to 2028, rising from 68.37 billion USD PPP in 2024 to 89.82 billion USD PPP in 2028. This reflects a continuous commitment to innovation and research excellence. In 2023, the expenditure was 63 billion USD PPP, indicating a significant increase in investment.

Between 2024 and 2028, the compound annual growth rate (CAGR) is projected to be approximately 7%. Year-on-year growth rates showcase a gradual upward trend, highlighting the increasing emphasis China places on higher education research and development.

Future trends to watch for include:

China’s strategic focus on technology-driven sectors, potentially boosting R&D funding even more.
Policy changes impacting higher education and innovation landscape.
Global economic factors affecting funding availability and priorities in research investment.