The business enterprise R&D personnel in China is projected to grow significantly over the coming years. In 2023, the personnel count stood at approximately 5.3 million FTEs. With forecasts indicating figures of 5.6579 million in 2024 and reaching 7.1975 million FTEs by 2028, there is a compound annual growth rate (CAGR) of 6.21% from 2024 to 2028. Year-on-year growth varies between 5% to 6%.
Future trends to watch include:
- The impact of increasing government and private sector investments in R&D.
- Technological advancements driving greater demands for skilled R&D personnel.
- Shifts in global economic policies affecting research directions and expansion.
