The Chinese government announced that it will allocate 398.12 billion yuan (about $55 billion) for science and technology investments in its 2025 central budget. This figure represents a 10% increase compared to 2024 and shows that the country will continue its independence in the field of R&D.
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According to the budget announced by the Chinese Ministry of Finance, science and technology expenditures will be the third largest expenditure item after defense and debt interest payments. The government’s priority investment areas include semiconductors, artificial intelligence, space exploration and quantum computing. These sectors will be supported more each year in order to be at the forefront of global competition and ensure technological independence.
While the growth of the Chinese economy is showing signs of slowing down, the government continues to use science and technology investments as an economic incentive mechanism. 97.6% of the budget allocated in 2024 has been used, and funding for basic scientific research has been increased in particular.
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In recent years, the Chinese government has launched special financing programs for small and medium-sized technology companies (SMEs) to encourage innovation in the technology sector, developed risk-sharing mechanisms with national guarantee funds, and provided tax breaks and subsidies to technology firms.
The 2025 budget is expected to include similar incentives. This comprehensive investment plan will be part of China’s strategy to increase its global power in science and technology. What do you think about this? You can share your views with us in the comments section below.
