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Two Sessions 2021: China to Boost Basic Research Funding to Give Science and Tech a Shot in the Arm

2021年03月11日 20:37 来源于 财新网
‘Social forces’ such as preferential tax policies will be developed to make private-sector R&D investment more ‘dynamic,’ Premier Li Keqiang says
Premier Li Keqiang attends a press conference on March 11. Photo: Xinhua

China will boost spending on basic research during the next five years to hasten the country’s emergence as a “science and technology power,” Premier Li Keqiang said Thursday.

The country will increase the proportion of basic research within the overall R&D sector from the current 6%, Li said, noting that developed nations typically assign 15% to 25% of total R&D spending to basic research.

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