In the past ten years, China s R D expenditure has exceeded 3 trillion yuan, and innovation has led

Mondo Finance Updated on 2024-01-30

According to the latest data, the China Innovation Index reached 155 in 20227. An average annual growth rate of 65%;Among them, the proportion index of enterprises enjoying additional deduction and tax reduction, the index of invention patent ownership per 10,000 research and experimental development personnel, and the proportion index of enterprises with registered trademarks have achieved an average annual growth rate of more than 10%.

Since the 18th National Congress of the Communist Party of China, in the face of the major opportunities and challenges brought about by a new round of global scientific and technological revolution and industrial transformation, China has adhered to the core position of innovation in the overall situation of modernization, implemented the innovation-driven development strategy in depth, accelerated the transformation of economic development mode, and the role of innovation as the first driving force has become increasingly prominent.

R&D investment has increased steadily. China's R&D expenditure has increased from 1 trillion yuan in 2012 to 3 trillion in 202209 trillion yuan, R&D investment intensity from 191% to 255%;The proportion of basic research investment in the whole society's R&D expenditure has increased from 48% to 63%。

The innovation environment is significantly optimized. In 2022, China's innovation environment index is 1604. An average annual growth rate of 7% since 2015. The proportion of R&D expenses plus deduction has been continuously improved, and the R&D expense accounting management system has been continuously improved. In 2022, 11 enterprises benefited from the additional deduction and exemption policy for industrial enterprises above designated size50,000, which is 79 times;The enjoyment of the policy is equivalent to a tax reduction of 2994300 million yuan, which is 67 times.

The talent pool is becoming more and more abundant. The full-time equivalent of R&D personnel in China increased from 324 in 201270,000 person-years increased to 635 in 202240,000 person-years, ranking first in the world. The international academic influence of top scientific and technological talents continues to increase, and the number of highly cited researchers in the world has increased from 111 in 2014 to 1,169 in 2022, ranking second in the world.

The results of innovation continue to be revealed. In 2022, the number of invention patents authorized in China will be 7980,000 pieces, which is 22 times;The number of invention patents per 10,000 people is 94 pieces, 6 more than in 20159 pieces, 3 in 20158 times. In 2022, the science and technology **21470,000 articles, an increase of 30 over 20159%。

The level of innovation and development in China has continued to improve, the innovation environment has been significantly optimized, the investment in innovation has increased steadily, the output of innovation has increased significantly, the results of innovation have been further revealed, and the supporting and leading role in promoting high-quality development has been continuously enhanced. Li Yin, chief statistician of the Department of Social Sciences and Culture of the National Bureau of Statistics, said.

Innovation leads to inject a steady stream of power into China's economy.

The new economy is booming and has become an important engine of economic development. In 2022, the added value of the "three new" economies, including new industries, new business formats, and new business models, will be 210084 billion yuan, equivalent to 17 percent of GDP36%, an increase of 2 from 20156 percentage points. With the continuous development of the emerging economy represented by the "three new" and the accelerated formation of new quality productive forces, it has become an important force driving economic transformation and upgrading and enhancing economic vitality.

Scientific and technological innovation has moved from quantitative accumulation to qualitative leap, and from point breakthrough to system capacity improvement. Basic research and original innovation have been continuously strengthened, breakthroughs have been made in some key core technologies, strategic emerging industries have developed and expanded, and major achievements have been made in manned spaceflight, lunar and fire exploration, deep-sea and deep-earth exploration, supercomputers, satellite navigation, quantum information, nuclear power technology, new energy technology, large aircraft manufacturing, and biomedicine, and have entered the ranks of innovative countries.

Looking at the world, China has become an increasingly important member of the global innovation map. According to the Global Innovation Index 2022 report released by the World Intellectual Property Organization, China ranks 11th, steadily improving for ten consecutive years, ranking first among 36 upper-middle-income economies.

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