China Invests More in Science and Engineering

Posted on September 22, 2006  Comments (1)

China to invest 6 bln yuan in scientific infrastructure

The Chinese central government will invest at least 6 billion yuan (750 million U.S. dollars) in major scientific infrastructure projects in the next five years.

China’s National Development and Reform Commission (NDRC) announced Thursday that the 12 major projects include an accelerator-based neutron source, a large area space telescope, marine research vessels, a space remote sensing system and other key projects.

The NDRC will invest a further 5 billion yuan (625 million U.S. dollars) in the third phase of the Chinese Academy of Sciences’ (CAS) innovation project, building or upgrading 50 national engineering institutes and 100 national labs, and supporting 300 national authorized enterprise tech centers.

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One Response to “China Invests More in Science and Engineering”

  1. Educational Institutions Economic Impact
    February 7th, 2007 @ 5:30 pm

    I believe investing in creating an environment where science and engineering endeavors will flourish will greatly benefit the economy…

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