On September 18, the State Council Information Office held a press conference in Beijing to highlight science, technology, and innovation achievements under the 14th Five-Year Plan (2021–2025).
Yin Hejun, Minister of Science and Technology, said China’s total R&D investment exceeded 3.6 trillion yuan (about $507 billion) in 2024, marking a 48 percent increase since 2020. R&D intensity reached 2.68 percent, surpassing the EU average, and China now leads globally in R&D personnel numbers.
These figures underscore a strategic push to strengthen the research ecosystem and foster breakthroughs across sectors. For global entrepreneurs, tech enthusiasts, and young innovators, it signals growing opportunities for collaboration, startup growth, and real-world impact.
As the 14th Five-Year Plan continues, all eyes will be on how this surge translates into next-generation technologies and sustainable solutions that shape industries worldwide.
Reference(s):
Highlights of tech innovation in China's 14th Five-Year Plan
cgtn.com
