The forecasted business expenditure on R&D in China, except Hong Kong, indicates a gradual increase in its percentage of GDP from 2024 to 2028. In 2024, the R&D expenditure is expected to be 2.03% of GDP, growing to 2.21% by 2028. This reflects a consistent year-on-year increase, with a compounded annual growth rate (CAGR) over the five years.
Future trends to monitor include potential shifts in government policies affecting R&D funding, emerging technological advancements, and China's strategic focus on innovation. These factors could further influence business expenditure dynamics and competitiveness on the global stage.
