Former ADB President Hails R&D Growth on the Chinese Mainland
At the Bund Summit 2025, former ADB President Takehiko Nakao praised the Chinese mainland’s R&D investments and talent-driven innovation reshaping global markets.
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At the Bund Summit 2025, former ADB President Takehiko Nakao praised the Chinese mainland’s R&D investments and talent-driven innovation reshaping global markets.
During the 14th Five-Year Plan, China’s tech sector saw a 48% R&D spend increase, a 70% boost in basic research funding, and rose to 10th in global innovation rankings.
China’s 2024 economic snapshot shows strong resilience and progress, driven by technological innovations, increased R&D investment, and a balanced industrial structure.
China embarks on its ambitious ‘new quality productive forces’ initiative to transform production across agriculture, industry, and technology, driving sustainable growth and innovation.