Hey tech fam! 🚀 Exciting news from the Chinese mainland’s 14th Five-Year Plan (2021–2025) press conference in Beijing. On September 18, the State Council Information Office dropped some jaw-dropping R&D stats that show just how serious things are getting in the world of science, tech, and innovation.
According to Yin Hejun, Minister of Science and Technology, the Chinese mainland’s total R&D investment hit over 3.6 trillion yuan (around $507 billion) in 2024. That’s a massive 48 percent jump compared to 2020! 📈
Even cooler? The R&D intensity—the share of the economy spent on research—soared to 2.68 percent, outpacing the EU average. Plus, the Chinese mainland now leads the globe in the number of R&D personnel, meaning more brains are powering the next wave of breakthroughs. 💡
What does this mean for you? Imagine faster AI-driven features in your favorite apps, greener energy solutions rolling out sooner, and cutting-edge gadgets hitting the market at lightning speed. From AI filters on TikTok to electric rides in Jakarta, all of us in South and Southeast Asia stand to benefit as tech innovation heats up. 🔥
Stay tuned as the 14th Five-Year Plan continues to reshape our digital world. Whether you’re a coder in Colombo or a startup hustler in Ho Chi Minh City, these R&D gains are a sign of amazing tech times ahead! 😉
Reference(s):
Highlights of tech innovation in China's 14th Five-Year Plan
cgtn.com
