The total R&D personnel in China is projected to grow rapidly from 2024 through 2028. In 2023, there were 6.64 million full-time equivalent R&D personnel. With yearly increases, it is expected to reach 8.94 million by 2028. This represents a compound annual growth rate (CAGR) of approximately 7.6% over the next five years, highlighting a robust and sustained increase in China's R&D workforce.
Future trends to watch for include:
- The impact of government policies on innovation and R&D investment.
- The influence of technology advancements and digital transformation on R&D activities.
- Global economic conditions affecting China's R&D budget allocations.