Briefly

R&D spending up 8.3% in 2024

China's spending on research and development maintained rapid growth last year thanks to efforts to support technological innovation. Total R&D expenditure exceeded 3.6 trillion yuan ($493.98 billion) in 2024, up 8.3 percent year-on-year, the National Bureau of Statistics said on Thursday. The input accounted for 2.68 percent of China's gross domestic products in 2024, up 0.1 percentage points from the previous year.

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