China’s Tech Market Sees Strong Growth in Early 2025
China’s tech market showed robust growth in the first four months of 2025. According to the Ministry of Science and Technology, the total value of technology contracts reached 1.6 trillion yuan (around 222 billion US dollars), marking a year-on-year increase of 13.3%.
Sustained Momentum in Contract Registrations
From January to April 2025, a total of 228,000 technology contracts were registered across the country. This strong activity highlights the vital role of the technology market in supporting innovation. It acts as a bridge between scientific research and industrial development, helping to integrate technology with practical applications.
Eight Years of Double-Digit Growth
In 2024, China’s technology contracts saw a total transaction value of 6.8 trillion yuan. This was an 11.2% rise from the previous year. It also marked the eighth consecutive year of double-digit annual growth. Importantly, the target of 5 trillion yuan set under the 14th Five-Year Plan (2021–2025) was achieved ahead of schedule. This success points to the growing strength and maturity of China’s technology factor market.
Strategic Focus on Market Development
Looking ahead, officials aim to strengthen all aspects of the technology market. The Ministry of Industry and Information Technology plans to guide enterprises to lead in absorbing and applying new technologies. At the same time, universities and research institutions are being encouraged to align research efforts with market demands. Professional service providers will help match supply with demand, supporting a well-functioning market system.
Lyu Xianzhi, the director of the Torch High Technology Industry Development Center, emphasised the need to improve the market’s basic systems. These include rights registration, value assessment, transaction guidelines, and intellectual property protection. Additionally, work is underway to build a unified national platform for technology deals and to create standardised trading rules.
with inputs from Reuters