China’s R&D Spending Surpasses $500 Billion in 2024, Driving Global Innovation
China’s research and development (R&D) spending surged in 2024, exceeding 3.6 trillion yuan (approximately $500 billion), reflecting an 8.3% year-on-year increase, according to data from the National Bureau of Statistics (NBS). This milestone underscores China’s commitment to technological innovation and positions it as a global leader in R&D efforts. R&D Growth and Economic Contributions In […]
