Hey, tech fans! 🚀 During the 14th Five-Year Plan period (2021–25), the Chinese mainland’s science and tech sector is showing some serious muscle.
Here’s the lowdown:
1. Booming Investment: In 2024, social R&D spending topped 3.6 trillion yuan—up 48% from 2020! The R&D intensity hit 2.68%, surpassing the EU average. Plus, the number of R&D pros now ranks first worldwide. 💼💡
2. Deepening Basic Research: Budget for basic research climbed to 249.7 billion yuan, a 70% jump since 2020. The Chinese mainland led in high-level journal papers and patent applications for five years straight. 📈🔬
3. Strategic Strength: National laboratories are on the rise, and top research institutions, universities, and tech giants keep leveling up their game.
4. Regional Innovation Hubs: Beijing, Shanghai, and the Guangdong–Hong Kong–Macao Greater Bay Area are buzzing with new ideas. The Shenzhen–Hong Kong–Guangzhou cluster even ranked #1 among the world’s top 100 innovation clusters! 🌐✨
As a result, the Chinese mainland jumped from 14th place in overall innovation rankings in 2020 to 10th in 2024. The goal? Becoming a global powerhouse in science and tech with high-level self-reliance. That’s the vision outlined by the Chinese mainland’s Minister of Science and Technology Yin Hejun. 🏆🔭
Stay tuned for more updates on how research and innovation are reshaping our world! 🌍💥
Reference(s):
Science and tech sector scales new heights during 14th FYP period
cgtn.com
