✨>$100B Space Program Spend. 10% More Chinese Universities. Japan Wheat Protein Shipments.
Chart of the Day #150 looks at Universities, Plant-Based Foods, and Space Programs
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According to recent UN data, Chinese people consume more protein than Americans, with the bulk coming from plant-based sources. A multinational aerospace corporation will incur a charge of nearly $965M due to poor cost and schedule performance on satellite programs. The charge comes after a technical review of all programs, identifying commercial and technical challenges.
Today's Topics
🎓 Universities. 10% growth in the number of China’s colleges and universities
🌾 Plant-Based Foods. Japan's wheat protein shipments fell by nearly 14% in 5 years
✨ Space Programs. government expenditure on space programs exceeded $100B globally
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🎓 10% Growth in the Number of China’s Colleges and Universities
In 2022, the number of colleges and universities in China reached 2,700, showing a steady increase over the years. Growth has been gradual year on year, but since 2020, the rate of new establishments has slowed. This reduction in growth rate reflects a maturing education system and a focus on improving existing institutions rather than expanding rapidly.
🌾 Japan's Wheat Protein Shipments Fell By Nearly 14% in 5 Years
The shipment volume of wheat proteins in Japan declined from nearly 20,000 tons in 2018 to around 18,000 tons in 2022, a 14% drop. This decline can be attributed to multiple factors: a shift towards low-carb and gluten-free diets, increased competition from alternative protein sources, and fluctuations in agricultural productivity and imports. Economic factors such as trade policies and global market prices may also have influenced the reduced shipment volumes.
✨ Government Expenditure on Space Programs Exceeded $100B Globally
In 2022, global government expenditure on space programs exceeded $100B, marking a significant milestone. Since 2014, spending on space initiatives has steadily increased each year, driven by advancements in technology, national security interests, and ambitions for space exploration.
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