The expenditure on basic research in China is set to increase from approximately 2.56 hundred billion yuan in 2024 to 3.57 hundred billion yuan by 2028. This represents a year-on-year growth rate of roughly 10.16% from 2024 to 2025, 8.87% from 2025 to 2026, 8.14% from 2026 to 2027, and 7.53% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years averages around 8.67%. In 2023, the expenditure stood lower, indicating a consistent growth trajectory in subsequent years.
Future trends to watch for include the potential impact of rising research expenditure on technological advancements and innovation. Close attention should be paid to government policies and private sector investments influencing this spending. This growth will further bolster China’s standing in the global research arena.
