The forecast for R&D capital costs in China, expressed in billion US dollars PPP constant, shows a steady upward trend from 66.11 in 2024 to 74.11 in 2028. Compared to an estimated value of approximately 64 in 2023, this indicates a consistent year-on-year growth rate of around 3%. Over the forecast period (2024-2028), the CAGR stands at roughly 3%, reflecting a stable investment expansion in R&D activities in China.

Future trends to watch for:

The potential acceleration of growth due to government incentives and policies focused on technological innovation.
Global economic conditions and geopolitical factors that could impact R&D investments.
Emerging technologies and industries influencing shifts in R&D spending priorities.