The Compound Annual Growth Rate (CAGR) of government expenditure on R&D in China is showing a steady decline over the forecast period from 2024 to 2028. Starting at 6.41% in 2024, there is a gradual decrease in growth to 5.81% by 2028, indicating a downward trend in the rate at which government spending on R&D grows annually. This suggests a cautious approach by the government in expanding its R&D investments compared to previous years.

Future trends to watch for include:

Potential policy shifts to reinvigorate R&D investment in response to global technological competition.
The impact of economic conditions and geopolitical factors on government budget allocations for R&D.
Developments in emerging technologies that might prompt increased expenditure.