The National Natural Science Foundation of China will provide 3.4 billion yuan (US$425 million) in funding for basic science, it announced last week (25 May).

“The boost has shown the government’s determination for China to become an innovative country by 2020,” said the foundation’s vice-president Zhu Zuoyan. He added that the foundation’s research funding is set to grow by about 20 per cent a year for the next five years.
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According to government plans, China’s total investment in science and technology should reach 2.5 per cent of its gross domestic product by 2020 — a share similar to that spent by industrialised nations.
By that time, China aims to be spending about US$112 billion annually on research and development (see China announces 58-point plan to boost science).

The National Science Foundation is a U.S. government agency that supports fundamental research and education across all fields of science and engineering, with an annual budget of $5.58 billion.
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According to the NSF report, Science and Engineering Indicators 2006, China ranked fourth in the world in the year 2000 in research and development, with $48.9 billion in expenditures. Two years later, the country ranked third, behind the United States and Japan, spending an estimated $72.0 billion on R&D.

“It is important for the U.S. scientific community, especially young researchers, to be aware of and consider collaborating with colleagues in China in this environment,” said Beijing office Director William Chang.

The NSF Beijing Office is NSF’s third foreign office. NSF also maintains research offices in Paris and Tokyo.