The forecasted expenditure on basic research of higher education in China shows a steady upward trend, growing from 117 billion yuan in 2024 to an anticipated 155 billion yuan by 2028. Year-on-year growth rates are approximately 7.7% from 2024 to 2025, 7.9% from 2025 to 2026, 6.6% from 2026 to 2027, and 6.9% from 2027 to 2028. The projected compound annual growth rate (CAGR) from 2023 to 2028 is anticipated to be approximately 7.3%, indicative of a strong and consistent investment increase in this sector.
Future trends to watch for include:
- Government policy shifts that may enhance funding further.
- Increasing collaboration between Chinese universities and international research institutions.
- The impact of technological advancements on research methodologies.
- Potential influence of economic factors on budget allocation and spending.