Forecast: Total Government Research and Development Expenditure in China

The forecast for China's total government R&D expenditure as a percentage of GDP shows a steady increase from 2.49% in 2024 to 2.66% by 2028. Year-on-year, this represents a gradual increase, with an approximate 1.5% annual growth in share of GDP. The compound annual growth rate over the next five years is expected to be around 1.7%. This suggests a consistent commitment to enhancing R&D investments.

Future trends to watch for:

  • The impact of economic growth on absolute R&D investment levels.
  • Shifts in government policy or global economic conditions affecting R&D funding.
  • Technological advancements and sectoral focus shifts due to global trends.

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