Story perspectives

China's R&D Spending Soars 86.5% Amid Innovation Surge

3/22/2026

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China's Innovation Surge

China’s push to innovation is evident as multinational companies increase R&D spending, rising 86.5% from 2013 to 2023.
Volkswagen Group emphasizes strengthening its innovation capabilities within China's ecosystem.
Henkel AG & Co. KGaA opened a $72.6 million innovation center in Shanghai, reflecting confidence in China’s improved business environment.
The government's focus on AI and industrial upgrades signals a shift to an AI-driven economy, creating growth opportunities for global firms.

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China Opens Economy

Chinese Premier Li Qiang announced at the China Development Forum that China will open its economy and grant national treatment to foreign enterprises.
The pledge aims to reassure global investors amid rising trade tensions, especially with the US.
In December, China expanded sectors eligible for foreign investment incentives, focusing on advanced manufacturing and green technology.
Commerce Minister Wang Wentao assured US pharmaceutical executives of stronger intellectual property protection and transparency.

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China's Innovation Surge

China’s push to innovation is evident as multinational companies increase R&D spending, rising 86.5% from 2013 to 2023.
Volkswagen Group emphasizes strengthening its innovation capabilities within China's ecosystem.
Henkel AG & Co. KGaA opened a $72.6 million innovation center in Shanghai, reflecting confidence in China’s improved business environment.
The government's focus on AI and industrial upgrades signals a shift to an AI-driven economy, creating growth opportunities for global firms.

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