During a key interview session at the NPC’s Fourth Session on March 5 in Beijing, Science and Technology Minister Yin Hejun unveiled impressive stats on national R&D efforts. Total investments across society climbed to 3.92 trillion yuan last year, equaling 2.8% of GDP, reflecting deep prioritization of knowledge creation.
The highlight? An unprecedented 280 billion yuan poured into basic research, comprising 7.08% of R&D totals—the first instance above 7%. This record-breaking allocation promises to unlock future technological revolutions.
From ranking 10th globally in innovation to leading open-source model development, chip advancements, and approving 76 cutting-edge drugs, China’s momentum is unstoppable. These developments are revitalizing sectors, boosting businesses, and directly uplifting public welfare.
As articulated by Yin, science and technology serve as the backbone of economic vitality and societal progress, ensuring China’s competitive edge in an innovation-centric world.