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China's investment on research, development rises 8.2 pct in 2025: data

China

China's investment on research, development rises 8.2 pct in 2025: data
China

China

China's investment on research, development rises 8.2 pct in 2025: data

2026-10-16 17:06 Last Updated At:18:18

China's research and development (R and D) expenditure rose 8.2 percent year on year to nearly 3.93 trillion yuan (about 584.5 billion U.S. dollars) in 2025, the National Bureau of Statistics (NBS) said on Friday.

During the 14th Five-Year Plan (2021-2025) period, the country's R and D spending grew at an average annual rate of 10 percent, making China the world's second-largest R and D investor, said Luo Qiushi, an NBS statistician.

China's R and D intensity, which measures spending as a share of gross domestic product, rose 0.11 percentage points to 2.8 percent last year, exceeding the Organization for Economic Cooperation and Development (OECD) average of 2.72 percent for the first time and ranking 12th globally.

By type of R and D activity, spending on basic research, applied research and experimental development grew 13.3 percent, 3.2 percent and 8.4 percent year on year to 283.46 billion yuan, 444.16 billion yuan and 3.2 trillion yuan, respectively.

Enterprise R and D spending exceeded 3 trillion yuan for the first time, accounting for 77.4 percent of the total.

Enterprises have accounted for more than 77 percent of the country's total R and D spending for four consecutive years, and their contribution to the overall increase reached 73.7 percent, cementing their role as the main engine of China's R and D spending expansion, according to the NBS.

China's investment on research, development rises 8.2 pct in 2025: data

China's investment on research, development rises 8.2 pct in 2025: data

Iron ore futures finished higher Friday in daytime trading on the Dalian Commodity Exchange (DCE).

The most active iron ore contract for January 2027 delivery rose 0.07 percent to close at 672.50 yuan (about 100.54 U.S. dollars) per tonne.

Iron ore futures were launched on the Dalian Commodity Exchange in October 2013 and have since become the world's most actively traded iron ore derivatives contract.

As the world's largest importer of iron ore, China opened the contract to international investors in May 2018, further enhancing its role as a key price benchmark for the global seaborne iron ore market.

China's iron ore futures finish higher Friday

China's iron ore futures finish higher Friday

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