In 2022, companies in the IT service segment spent over 622 billion yuan on research and development in China. According to the Chinese government's plans tech-companies were able to receive tax benefits for R&D expenditures to support its domestic tech industry. However, in recent years, Beijing wanted to shift the focus away from the broad tech sector towards designated high-tech industries by tightening the requirements for companies to qualify for "key software enterprises".
Value of research and development expenditure of software and IT businesses in China in 2022, by segment
(in billion yuan)
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MIIT. (September 27, 2023). Value of research and development expenditure of software and IT businesses in China in 2022, by segment (in billion yuan) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1400528/china-randd-expenditure-of-software-and-it-companies-by-segment/
MIIT. "Value of research and development expenditure of software and IT businesses in China in 2022, by segment (in billion yuan)." Chart. September 27, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1400528/china-randd-expenditure-of-software-and-it-companies-by-segment/
MIIT. (2023). Value of research and development expenditure of software and IT businesses in China in 2022, by segment (in billion yuan). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1400528/china-randd-expenditure-of-software-and-it-companies-by-segment/
MIIT. "Value of Research and Development Expenditure of Software and It Businesses in China in 2022, by Segment (in Billion Yuan)." Statista, Statista Inc., 27 Sep 2023, https://www.statista.com/statistics/1400528/china-randd-expenditure-of-software-and-it-companies-by-segment/
MIIT, Value of research and development expenditure of software and IT businesses in China in 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1400528/china-randd-expenditure-of-software-and-it-companies-by-segment/ (last visited December 23, 2024)
Value of research and development expenditure of software and IT businesses in China in 2022, by segment (in billion yuan) [Graph], MIIT, September 27, 2023. [Online]. Available: https://www.statista.com/statistics/1400528/china-randd-expenditure-of-software-and-it-companies-by-segment/
