In analyzing China's higher education expenditure on R&D, it's noted that the forecast from 2024 shows a steady increase from $60.36 billion USD PPP in 2024 to $75.77 billion in 2028. Assuming the expenditure in 2023 to be lower than 2024, we can observe a year-on-year growth of approximately 6.5%. The compound annual growth rate (CAGR) over the next five years is projected around similar values, reflecting stable growth in R&D investment.
Future trends to watch for include:
- Potential impacts of government policies on R&D spending.
- Shifts in global economic conditions affecting R&D budgets.
- Increased collaboration with international academic and research institutions.
- Technological advancements driving further investment.
