China aims to raise R&D investment to 2% of GDP by 2010
(Xinhua) Updated: 2006-10-28 13:53
China aims to raise spending on scientific research and development to 2
percent of GDP by 2010, according to a government document issued on Friday.
The ratio edged up to a record 1.23 percent in China in 2004, far below
the standard of developed countries.
The National Scientific and
Technological Development Program of the 11th Five-Year Plan Period (2006-2010),
issued by the Ministry of Science and Technology, says China will establish a
national innovation system, a rational scientific and technological development
structure and strive to make major breakthroughs and leapfrog development in
certain major areas during the 2006-2010 period.
A ministry official
said China will further reform its innovation mechanisms and strengthen the role
of enterprises as the main participants in technological innovation. "We aim
to set up a technological innovation system that has enterprises as the main
participants. It will be market-oriented and supported by close cooperation
between industry, colleges and research institutions," said the official.
He said existing policies will be upgraded to stimulate innovation.
He added that efforts would be made to enhance innovation in key
technologies in the energy, resources and environmental sectors, upgrade
industrial technology, beef up integration of multiple technologies, bolster
national security guarantee capabilities and conduct perspicacious basic
research as well as frontier technology research. (For more biz stories, please visit Industry Updates)
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