The forecasted government expenditure on R&D in China from 2024 to 2028 remains relatively stable at 0.34% of GDP in 2024, increasing slightly to 0.35% in subsequent years. This indicates a modest but consistent commitment to R&D investment relative to GDP.
With no significant year-on-year variation from 2025 onwards, the expenditure reflects steady allocation, underlining a potentially cautious strategy in expanding R&D spending against GDP growth expectations.
Future trends to watch:
- Potential policy shifts to increase R&D investment in high-tech and strategic sectors.
- Impact of global technological advancements and economic conditions on future allocations.
- Change in the share of government versus private sector R&D investments in China.
