China: R&D spending in the GBA by city

The Chinese government is dedicated to developing the Guangdong - Hong Kong - Macao Grater Bay Area into a leading technological hub in Asia. In 2019, internal expenditure on research and development (R&D) in Shenzhen alone reached 132.8 billion yuan.

Internal expenditure on research and development (R&D) in the Guangdong-Hong Kong-Macao Greater Bay Area in 2019, by city (in billion yuan)

Characteristic	R&D expenditure in billion yuan
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Release date

September 2022

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Region

China, Hong Kong

Survey time period

2019

Supplementary notes

Figures for mainland Chinese cities have been taken from the Guangdong Statistical Yearbook 2021, chapter 19.21.

The figure for Hong Kong has been taken from the Hong Kong Annual Digest of Statistics, table 7.1, and converted to Chinese yuan based on the average annual exchange rate.

The figure for Macao has been taken from Worldbank data and converted to Chinese yuan based on the average annual exchange rate.

One yuan equals approximately 0.15 U.S. dollars and 0.15 euros (as of August 2022).

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