R&D spending in China 2017-2023, by type

Published by C. Textor, Oct 7, 2024

In 2023, expenditures on experimental development as part of R&D activities amounted to around 2.74 trillion yuan in China. R&D, or research and development, is a term used to denote the investment made to carry out the research and development of new products. Total R&D spending in China amounted to around 3.34 trillion yuan in 2023.

Expenditure on research and development (R&D) in China from 2017 to 2023, by category (in billion yuan)

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Release date

October 2024

Region

China

Survey time period

2017 to 2023

Supplementary notes

Data refer to intramural R&D expenditure.
Figures for earlier years have been taken from previous publications.

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of October 2024).

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