The business enterprise R&D expenditure in China's mining and quarrying sector is anticipated to grow steadily from $7.58 billion in 2024 to $8.28 billion by 2028, based on data expressed in PPP terms of 2015. This forecast marks a continuous upward trend, with a consistent annual increase of approximately 2.3% year-on-year. The compound annual growth rate (CAGR) for the upcoming five years reflects a similar rate, indicative of a sustained investment in innovation and technology in this industry.
Future trends to watch include advancements in sustainable mining technologies, digitization and automation in operations, and China's policy shifts towards greener industrial practices. These elements may significantly influence R&D spending patterns in this sector.
