In 2024, China's Total R&D Investment Across Society Surpassed RMB 3.6 Trillion, Up 48% from 2020
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Author:小编   

On the afternoon of September 18th, the State Council Information Office convened a press conference centered on the theme of "Achieving High-Quality Completion of the 14th Five-Year Plan." During this event, the head of the Ministry of Science and Technology highlighted the significant strides made in China's scientific and technological innovation throughout the 14th Five-Year Plan period. As detailed, China's commitment to scientific and technological advancement has been unwavering, with continuous growth in R&D investment. By 2024, the aggregate R&D expenditure across society had soared to over RMB 3.6 trillion, representing a substantial 48% increase compared to 2020. The R&D investment intensity reached 2.68%, outpacing the average level of EU countries. Moreover, China secured the top spot globally in terms of the total number of R&D personnel. Simultaneously, there has been a marked enhancement in the realm of basic research, with funding for this critical area reaching RMB 249.7 billion, reflecting a more than 70% surge from 2020. China has maintained its global leadership for five consecutive years, boasting the highest number of papers published in prestigious international journals and the most international patent applications.