In 2023, business enterprise expenditure on R&D in China was approximately $650 billion (Billion US Dollars PPP). Forecasted values from 2024 to 2028 indicate a consistent upward trend, with expenditures rising to $960.41 billion.
Key percentage growth insights include:
- 2024: 9% increase from 2023
- 2025: 9% increase from 2024
- 2026: 8.2% increase from 2025
- 2027: 7.5% increase from 2026
- 2028: 6.9% increase from 2027
The 5-year CAGR is approximately 8.1%, highlighting robust and sustained growth.
Future trends to watch for include the impact of China's tech policy shifts, increased emphasis on green technology, and geopolitical factors affecting global R&D collaborations. Rapid digital transformation and AI advancements may further accelerate investment growth.
