National Bureau of Statistics: In 2023, a total of 3,357.1 billion yuan was invested in research and experimental development nationwide, an increase of 8.4% year-on-year.

16:45 02/10/2024

On October 2nd, the National Bureau of Statistics released the statistical bulletin on the national science and technology fund investment in 2023.

On October 2nd, the National Bureau of Statistics released the 2023 National Science and Technology Funding Statistics Bulletin. The data shows that in 2023, a total of 3335.71 billion yuan was invested in research and development (R&D) nationwide, an increase of 257.42 billion yuan from the previous year, representing an 8.4% growth. The intensity of R&D investment (measured as a ratio to GDP) was 2.65%, an increase of 0.09 percentage points from the previous year. The per capita funding calculated based on the full-time work of R&D personnel was 461,000 yuan. In 2023, national financial expenditure on science and technology was 1,199.58 billion yuan, an increase of 86.74 billion yuan from the previous year, representing a 7.8% growth. Of this, central government expenditure on science and technology was 397.31 billion yuan, accounting for 33.1% of the national total, while local government expenditure on science and technology was 802.27 billion yuan, accounting for 66.9%. Source: National Bureau of Statistics official website, translated by: DeepL.

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