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China's R&D Expenditure to Rise by Nearly 50% by 2024 Compared to the End of the 13th Five-Year Plan
1 week ago /
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Author：小编
By 2024, China's expenditure on research and development (R&D) is projected to surge by approximately 50% from the conclusion of the 13th Five-Year Plan, marking an additional investment of 1.2 trillion yuan. This significant increase has elevated the intensity of R&D investment to 2.68%, nearing the average benchmark of Organisation for Economic Co-operation and Development (OECD) countries. Zheng Zhanjie, Director of the National Development and Reform Commission, disclosed these figures during a press conference.
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