According to data from the National Bureau of Statistics, the China Innovation Index for 2024 is 174.2 (based on 100 in 2015), an increase of 5.3% compared to the previous year. China's scientific and technological innovation capability continues to improve, with rapid growth in innovation output and growing new driving forces for development, providing strong support for high-quality economic development. The innovation environment is getting better and better. In 2024, China's innovation environment index was 186.0, an increase of 4.9% over the previous year, and all five evaluation indicators in this field achieved growth. High quality R&D talents have become an important force supporting China's scientific and technological innovation. In 2024, the number of undergraduate and above graduates in science, engineering, agriculture, and medicine in China will reach 3.145 million, accounting for 50.7%. The continuous release of policy dividends such as R&D expense deduction and other incentives encourages more enterprises to carry out innovative activities. In 2024, the proportion index of enterprises enjoying additional tax deductions and exemptions and the proportion index of technology appropriations to fiscal appropriations increased by 3.8% and 1.6% respectively compared to the previous year. Innovation investment is increasing. In 2024, China's innovation investment index was 162.6, an increase of 5.1% over the previous year, and all four evaluation indicators in this field achieved growth. Basic research is the underlying driving force behind technological breakthroughs and industrial transformation. In 2024, China's basic research budget reached 250.9 billion yuan, an increase of 10.7% over the previous year, accounting for 6.88% of research and experimental development (RD) funding, setting a historical record. As the main body of technological innovation, enterprises play a core role in the modern economic system. In 2024, the contribution rate of enterprises to the growth of R&D funds in the whole society will reach 77.1%, which is the main force driving the growth of R&D funds in China. The output of innovation is increasing. In 2024, China's innovation output index was 215.8, an increase of 8.1% over the previous year, making it the fastest-growing sector among the four sub sectors. Innovation achievement data shows that both the quality and quantity of scientific and technological achievements in China have improved, and the quality and efficiency of technological achievement transformation continue to improve. A virtuous cycle of high output and high input is forming. The effectiveness of innovation is becoming stronger and stronger. The Innovation Efficiency Index of China in 2024 is 132.4, an increase of 1.9% over the previous year. Among them, the overall labor productivity index has grown relatively rapidly, with the "three new" economic added value to GDP ratio index and the new product sales revenue to operating revenue ratio index increasing by 4.3% and 1.2% respectively compared to the previous year. These data indicate that China's labor productivity has improved and new driving forces for development have gathered. Driven by technological innovation, new driving forces, new vitality, and new advantages have accumulated and become stronger, supporting the high-quality development of the economy and stabilizing the overall market. (New Society)