Economic review

China doubles basic science research budget in 5 years

2018-02-13 15:48:00 (Beijing Time)         People's Daily Online

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China doubled its funding for basic science research over the past 5 years, from 41.1 billion RMB ($6.5 billion) in 2011 to 82 billion RMB in 2016, said Zhang Xiaoyuan, director general of the Department of Resource Allocation and Management of China's Ministry of Science and Technology, on Feb. 11.

Zhang made the remarks at a press conference held by the State Council Information Office.

The Chinese government attaches high importance to basic science research, Zhang introduced, adding that the financial input in this area experienced a drastic increase in recent years.

According to Zhang, governmental funding accounted for over 90% of China's basic science research. The figure is normally around 50% in developed countries.

Zhang pointed out that China will further encourage the participation of local governments and businesses in the implementation of major projects on basic science research and explore means of charity and donation.