As of 2023, China's gross domestic expenditure on R&D per capita stood at approximately $486.54 US Dollars PPP. From 2024 to 2028, the data forecasts a steady increase in R&D expenditure per capita, growing from $503.17 in 2024 to $571.6 in 2028. Year-on-year, this indicates an average growth rate of around 3.2%. The compound annual growth rate (CAGR) over these years is projected at 3.2%, reflecting consistent investment in R&D initiatives.

Future trends to watch for:

An emphasis on technology-driven industries might drive further increases in R&D expenditure.
Policy changes focused on innovation or shifts in economic conditions could impact forecasted growth.
China's global competitive positioning in technological development may fuel more aggressive R&D investments.