The Chinese government is dedicated to developing the Guangdong - Hong Kong - Macao Grater Bay Area into a leading technological hub in Asia. In 2022, internal expenditure on research and development (R&D) in Shenzhen alone reached 188.05 billion yuan.
Internal expenditure on research and development (R&D) in the Guangdong-Hong Kong-Macao Greater Bay Area in 2022, by city
(in billion yuan)
Figures for mainland Chinese cities have been taken from the Guangdong Statistical Yearbook 2024, 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 0.14 U.S. dollars and 0.13 euros (as of January 2025).
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Statista. (December 18, 2024). Internal expenditure on research and development (R&D) in the Guangdong-Hong Kong-Macao Greater Bay Area in 2022, by city (in billion yuan) [Graph]. In Statista. Retrieved January 23, 2025, from https://www.statista.com/statistics/1330100/internal-research-and-development-expenditure-in-gba-in-china-by-city/?__sso_cookie_checker=failed
Statista. "Internal expenditure on research and development (R&D) in the Guangdong-Hong Kong-Macao Greater Bay Area in 2022, by city (in billion yuan)." Chart. December 18, 2024. Statista. Accessed January 23, 2025. https://www.statista.com/statistics/1330100/internal-research-and-development-expenditure-in-gba-in-china-by-city/?__sso_cookie_checker=failed
Statista. (2024). Internal expenditure on research and development (R&D) in the Guangdong-Hong Kong-Macao Greater Bay Area in 2022, by city (in billion yuan). Statista. Statista Inc.. Accessed: January 23, 2025. https://www.statista.com/statistics/1330100/internal-research-and-development-expenditure-in-gba-in-china-by-city/?__sso_cookie_checker=failed
Statista. "Internal Expenditure on Research and Development (R&d) in The Guangdong-hong Kong-macao Greater Bay Area in 2022, by City (in Billion Yuan)." Statista, Statista Inc., 18 Dec 2024, https://www.statista.com/statistics/1330100/internal-research-and-development-expenditure-in-gba-in-china-by-city/?__sso_cookie_checker=failed
Statista, Internal expenditure on research and development (R&D) in the Guangdong-Hong Kong-Macao Greater Bay Area in 2022, by city (in billion yuan) Statista, https://www.statista.com/statistics/1330100/internal-research-and-development-expenditure-in-gba-in-china-by-city/?__sso_cookie_checker=failed (last visited January 23, 2025)
Internal expenditure on research and development (R&D) in the Guangdong-Hong Kong-Macao Greater Bay Area in 2022, by city (in billion yuan) [Graph], Statista, December 18, 2024. [Online]. Available: https://www.statista.com/statistics/1330100/internal-research-and-development-expenditure-in-gba-in-china-by-city/?__sso_cookie_checker=failed
