China overtakes United States in research and development spending
China has surpassed the United States in research and development (R&D) spending, becoming the global leader for the first time since World War II. In 2024, China's R&D expenditure exceeded $1 trillion (PPP).
China has become the world leader in research and development (R&D) expenditure, surpassing the United States for the first time since World War II. In 2024, China's R&D spending exceeded $1 trillion, measured in purchasing power parity (PPP). This development signifies a notable shift in global innovation leadership, previously dominated by North America. The long-term trajectory and organizational structure of innovation within China are cited as key factors contributing to this milestone. This reordering of global R&D investment highlights China's growing influence in scientific and technological advancement.
Sources: Le Monde