hello everyone! Today, we are going to focus on the related news of R&D expenditure input. R&D expenditure input is an important indicator to measure the scale and level of independent innovation input of a country or region, and it is of great significance for promoting scientific and technological innovation and economic development.

State-owned enterprises supervised and administered by local governments in China reported a 10.4 percent rise in R&D spending that amounted to 249.57 billion yuan in the first half of 2024, according to the State-owned Assets Supervision and Administration Commission of the State Council.

R&D is the abbreviation of Research and Experimental Development in English, which is translated into Chinese as "Research and Experimental Development", referred to as "R&D". Research and experimental development (R&D) funds refer to the actual expenditure of the whole society for basic research, applied research and experimental development in the statistical year, including personnel labor fees, raw materials fees, fixed asset purchase and construction fees, management fees and other expenses for research and experimental development activities. Research and experimental development (R&D) investment, referred to as research and development investment.

Research and experimental development funds and their investment intensity are widely used internationally and important indicators to measure the scale and level of independent innovation investment in a country or region. With the in-depth implementation of the innovation-driven development strategy, R&D funds and their investment intensity have become the core indicators to monitor China's scientific and technological innovation capabilities, playing an increasingly important role in macro decision-making management.

According to the State-owned Assets Supervision and Administration Commission of the State Council, the R&D investment of central enterprises during the 13th Five-Year Plan period increased by an average annual of 14.5%, and the R&D investment in the past two years exceeded one trillion yuan. A number of landmark achievements have been made in aerospace, deep sea, energy, transportation and other fields, and major breakthroughs have been made in key materials, core components and other fields.

According to the data of the State-owned Assets Supervision and Administration Commission of the State Council, the operation and development of enterprises supervised by the State-owned Assets Supervision and Administration Commission in various places has been promoted in an orderly manner. From January to June, the total operating income was 19.2 trillion yuan, the total profit was 8267.8 billion yuan, the fixed asset investment was 2.9 trillion yuan, the fixed asset investment was effectively activated, the stock assets were effectively activated, and the risk prevention in key areas was effective; the scientific and technological innovation capacity was accelerated, and the investment in research and development was 249.57 billion yuan, an increase of 10.4% year-on-year.

On July 13, 2024, the construction personnel checked the assembly accuracy of the pipe in the "Kunpeng" shield machine.

In addition, General Secretary Xi Jinping pointed out in his report at the 20th National Congress of the Communist Party of China on October 16, 2022, that it is necessary to deepen the reform of the scientific and technological system, deepen the reform of scientific and technological evaluation, increase diversified scientific and technological investment, strengthen the legal guarantee of intellectual property rights, and form a basic system to support comprehensive innovation.

let's see the related terms together. the frontier fields of science and technology,sci-tech innovation.Scientific and technological innovation is an important force to promote economic development and social progress. The increase in R&D expenditure input will provide strong support for China's scientific and technological innovation. We look forward to more breakthroughs and achievements in the forefront of science and technology in China in the future. Thank you for watching. See you in the next program.