In 2023, China's gross domestic expenditure on R&D was approximately 843 billion US dollars PPP. Forecasts suggest significant growth in the coming years, with figures rising to 913.33 billion in 2024 and continuing to increase to 1,229.8 billion by 2028. This represents a robust CAGR of roughly 9.5% from 2024 to 2028, illustrating a strong upward trend in R&D investment. Year-on-year increments from 2024 to 2025 and beyond indicate consistent investment growth, reflecting an expanding emphasis on innovation and technological advancement in China.

Future trends to watch for in China's R&D expenditure include: