In 2023, business expenditure on R&D in China, excluding Hong Kong, recorded a value of approximately 288.32 billion Euros. From 2024 to 2028, R&D expenditure is forecasted to increase annually, reflecting a robust growth trajectory. Year-on-year, the increase jumps from 302.99 billion Euros in 2024 to 366.51 billion Euros in 2028. This sequence translates to an annual compound growth rate of around 4.9% over this five-year period, demonstrating a strong commitment to innovation and development in the Chinese business sector.
Future trends to monitor include:
- The allocation of funds among emerging technologies, such as AI and green technology, which may shift investment priorities.
- Policy changes by the Chinese government aimed at fostering technological advancement could further influence R&D spending.
- Global economic conditions and international trade policies might impact the flow of foreign investments into China’s R&D sector.
