Story perspectives
China's R&D Investment Soars: 18.9% Growth in 2024
2/23/2025
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Story summary
- China is boosting science and technology investments, with Shenzhen allocating up to 30 million yuan for international projects.
- Shenzhen's R&D investment hit 223.66 billion yuan in 2024, reflecting an 18.9% growth.
- Shanghai's AI industry exceeded 450 billion yuan, surpassing its growth targets for 2021-2025.
- Government support plays a vital role in fostering innovation alongside enterprise R&D efforts.
- China's total R&D expenditure in 2024 reached 36.13 billion yuan, securing the second position globally.
