Science academy powering research
By Cheng Yingqi | China Daily | Updated: 2016-01-16 08:33
Previous policy shift from focus on publications to originality and practicality paying benefits
The Chinese Academy of Sciences, China's national science academy, earned 1.5 trillion yuan ($227 billion) from the high-tech companies it invested in during the 12th Five Year Plan (2011-15).
The amount was equivalent to the annual GDP of Shenzhen in 2014 and contributed 220 billion yuan in taxes.
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