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China's R&D Budget to Rise 8.2% in 2025
China's expenditure on research and development increased by 8.2% in 2025, reaching approximately $584.5 billion, accounting for 2.8% of its gross domestic product. This marks the first time it has surpassed the OECD average. During the 14th Five-Year Plan period, the annual growth rate of R&D spending was 10%, making China the second-largest invester in research and development worldwide. Additionally, expenditure on basic research, applied research, and experimental development grew by 13.3%, 3.2%, and 8.4%, respectively. Company-driven R&D spending exceeded 3 trillion yuan, representing 77.4% of the total, with companies contributing 73.7% to the overall growth.
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