Core Insights - The 2024 China Innovation Index reached 174.2, a 5.3% increase from 2023, indicating steady growth in innovation capabilities [1] - The index comprises four sub-indices: Innovation Environment Index (186.0, +4.9%), Innovation Input Index (162.6, +5.1%), Innovation Output Index (215.8, +8.1%), and Innovation Effectiveness Index (132.4, +1.9%) [1] - The number of science and engineering graduates reached 3.145 million in 2024, an increase of 172,000 from the previous year, representing 50.7% of the eligible population [1] Innovation Input - In 2024, China's basic research funding reached 250.09 billion yuan, a 10.7% increase, marking a historical high of 6.88% of total R&D expenditure [2] - The growth rate of basic research funding outpaced the overall R&D expenditure growth by 1.8 percentage points [2] Innovation Output - The number of invention patents granted in 2024 was 1.045 million, a 13.5% increase from the previous year [2] - By the end of 2024, the number of valid invention patents in China reached 4.682 million, reflecting a 16.6% increase [2] - The number of technology market contracts reached 994,000, with a total transaction value of 6.8 trillion yuan, representing growth of 5.1% and 11.2% respectively [2]

Core Insights - In 2024, Shaanxi Province's research and experimental development (R&D) expenditure is projected to reach 92.62 billion yuan, an increase of 8.015 billion yuan, representing a growth of 9.5%, which is 0.6 percentage points higher than the national average [1] - The R&D expenditure intensity in Shaanxi is 2.61%, up by 0.12 percentage points from the previous year, maintaining the highest level in Western China [1] - Basic research funding accounts for 7.0% of the total R&D expenditure, an increase of 0.5 percentage points year-on-year [1] Expenditure Breakdown - Basic research funding is 6.508 billion yuan, growing by 17.6% year-on-year; experimental development funding is 70.501 billion yuan, increasing by 12.4% [1] - R&D funding from various entities includes 52.963 billion yuan from enterprises (up 10.2%), 27.964 billion yuan from government research institutions (up 6.2%), and 11.106 billion yuan from higher education institutions (up 15.2%), with the latter exceeding the national average by 3.9 percentage points [1] Regional Insights - Seven regions in Shaanxi have R&D expenditures exceeding 1 billion yuan, contributing a total of 90.758 billion yuan, which accounts for 98.0% of the province's total R&D expenditure [2] - Notable growth in R&D expenditure is observed in Tongchuan, Weinan, and Yangling Demonstration Zone, with increases of 57.3%, 50.3%, and 84.8% respectively, significantly surpassing the provincial average [2] Industry Insights - Among large-scale industrial enterprises, 21 industry categories have R&D expenditures exceeding 200 million yuan, representing 97.4% of the total R&D expenditure in this sector [2] - Ten industry categories have R&D expenditures exceeding 500 million yuan and an intensity above the average level of large-scale industrial enterprises [2]

Core Insights - The 2024 National Science and Technology Funding Statistics Bulletin indicates stable growth in R&D funding in China, with significant increases in funding intensity and breakthroughs in basic research [1][2]. Group 1: R&D Funding Growth - China's R&D funding has an average annual growth rate of 10.5% over the first four years of the 14th Five-Year Plan, exceeding planned targets and ranking among the top in major global economies [4]. - The R&D funding intensity (R&D funding as a percentage of GDP) for 2024 is projected to be 2.69%, placing China 12th globally and consistently above the EU level of 2.13% [8]. Group 2: Basic Research Investment - Basic research funding is expected to grow at a rate of 6.88% in 2024, which is 1.8 percentage points higher than the overall R&D funding growth rate, achieving the highest historical level and accounting for 6.88% of total R&D funding [10]. Group 3: Contribution from Enterprises - Enterprises contribute over 75% of the total social funding for R&D, maintaining this level for several years, and account for 77.1% of the growth in overall funding, making them the primary driver of R&D funding growth [13].

Core Insights - In 2024, China's total research and development (R&D) expenditure reached 36,326.8 billion yuan, marking an increase of 2,969.7 billion yuan or 8.9% from the previous year [1] - The R&D expenditure intensity, measured as a percentage of GDP, rose to 2.69%, up by 0.11 percentage points year-on-year [1] - The average R&D funding per full-time researcher was 480,000 yuan, an increase of 19,000 yuan from the previous year [1] R&D Expenditure by Activity Type - Basic research funding amounted to 2,500.9 billion yuan, reflecting a growth of 10.7% [1] - Applied research funding reached 4,305.5 billion yuan, increasing by 17.6% [1] - Experimental development funding was 29,520.4 billion yuan, with a growth rate of 7.6% [1] - The proportion of basic research funding increased to 6.88%, up by 0.11 percentage points [1] R&D Expenditure by Entity - R&D funding from enterprises totaled 28,211.6 billion yuan, an increase of 8.8% [2] - Government research institutions contributed 4,231.6 billion yuan, growing by 9.7% [2] - Higher education institutions accounted for 3,065.5 billion yuan, with an increase of 11.3% [2] - The share of funding from enterprises, government research institutions, and higher education institutions was 77.7%, 11.6%, and 8.4%, respectively [2] R&D Expenditure by Industry - R&D expenditure in high-tech manufacturing industries reached 7,668.9 billion yuan, growing by 10.2% [2] - The R&D expenditure intensity in these industries was 3.35%, up by 0.24 percentage points [2] - Eight industry categories in large-scale industrial enterprises had R&D expenditures exceeding 100 billion yuan, accounting for 68.2% of total R&D spending in large-scale industrial enterprises [2] R&D Expenditure by Region - Six provinces (or municipalities) had R&D expenditures exceeding 200 billion yuan: Guangdong (5,099.6 billion yuan), Jiangsu (4,597.5 billion yuan), Beijing (3,278.4 billion yuan), Zhejiang (2,901.4 billion yuan), Shandong (2,597.3 billion yuan), and Shanghai (2,343.7 billion yuan) [3] - Seven provinces (or municipalities) had R&D expenditure intensity above the national average, with Beijing at 6.58% and Shanghai at 4.35% [3] National Fiscal Science and Technology Expenditure - National fiscal science and technology expenditure for 2024 was 12,629.2 billion yuan, an increase of 633.3 billion yuan or 5.3% from the previous year [3] - Central fiscal science and technology expenditure was 4,192.5 billion yuan, accounting for 33.2% of total national fiscal science and technology expenditure [3]

Core Insights - The total investment in research and development (R&D) in China is projected to exceed 3.6 trillion yuan in 2024, reaching 36,326.8 billion yuan, which represents an 8.9% increase from the previous year, indicating a stable growth trend [3][4] - China ranks second globally in R&D expenditure, only behind the United States, and is 3.5 times that of Japan and 3.7 times that of Germany [3] Group 1: R&D Investment Growth - R&D expenditure in China has shown a consistent annual growth rate of 10.5% over the first four years of the 14th Five-Year Plan, surpassing the planned target [3] - The R&D investment intensity (R&D expenditure as a percentage of GDP) for 2024 is 2.69%, an increase of 0.11 percentage points from the previous year, reflecting a faster growth rate than the average of 0.03 percentage points since the start of the 14th Five-Year Plan [3] Group 2: Contribution by Different Sectors - Enterprises, government research institutions, and higher education institutions are the three main entities executing R&D activities in China, with their respective R&D expenditures in 2024 being 28,211.6 billion yuan, 4,231.6 billion yuan, and 3,065.5 billion yuan, showing growth rates of 8.8%, 9.7%, and 11.3% respectively [4] - Enterprises contribute over 75% of the total R&D funding, accounting for 77.1% of the overall growth in R&D expenditure, making them the primary driver of R&D growth in China [4] Group 3: Basic Research Investment - In 2024, basic research funding is expected to reach 2,500.9 billion yuan, with a growth rate of 10.7%, which is higher than the overall R&D expenditure growth rate [5] - The contribution rates to basic research funding from government research institutions and higher education institutions are 52.0% and 40.0% respectively, indicating their significant role in advancing basic research [5] Group 4: Fiscal Support and Tax Incentives - National fiscal expenditure on science and technology is projected to be 12,629.2 billion yuan in 2024, an increase of 5.3% from the previous year, focusing on basic research and scientific research facilities [7] - Tax incentives for R&D have been implemented, with the number of enterprises benefiting from R&D expense deductions increasing by 16.7% and the amount of expenses by 25.5% compared to 2021, effectively encouraging enterprises to increase R&D investments [7] Group 5: Regional Development and Innovation - R&D expenditure in various regions of China, including East, Central, West, and Northeast, has shown significant growth, with East China leading at 23,773.0 billion yuan, a 9.0% increase from the previous year [8] - Key regions such as Beijing, Shanghai, and Guangdong have R&D expenditures exceeding 5,000 billion yuan, highlighting their role as innovation hubs [8]