As of 2023, China's intramural R&D expenditure in all sectors (except Hong Kong) stood at a significant level, expected to rise steadily from 2024 to 2028. The forecasted data indicates a consistent year-on-year growth, with intramural R&D spending anticipated to increase from €290.15 per capita in 2024 to €360.7 per capita in 2028. This represents a compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028.

Future trends to watch for include:

Increasing emphasis on technological innovation and digital transformation within China’s economic strategy could further boost R&D investments.
The potential for geopolitical tensions to impact international collaborations and thus influence R&D expenditure patterns.
Government policies aimed at enhancing domestic research capabilities and fostering high-tech industries.