R&D expenditure of software and IT businesses China 2022, by firm size
In 2022, large software and IT service companies spend over 821 billion yuan on research and development in China. The Chinese government had stipulated that it wanted to support its domestic tech industry. However, in recent years, Beijing wanted to shift the focus away from the broad tech sector towards designated high-tech industries by tightening the requirements for companies to qualify for "key software enterprises".