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China Invests $51.51 billion with a focus on basic research, applied basic research, and national strategic tasks in science and technology for 2024 Below excerpt reported by Yeping. Y. (2024, March 5). China pledges to facilitate new quality productive forces with intensified technology innovation. Global Times 'Deeper reform, opening-up on all fronts expected for greater self-reliance, strength in science and technology' 'Spending on research and development (R&D) reached 3.32782trillion yuan, an increase of 8.1 percent, accounting for 2.64 percent of China's GDP' 'the central government has pledged to allocate 370.8 billion yuan ($51.51 billion) for science and technology in 2024, an increase of 10 percent, with a focus on basic research, applied basic research, and national strategic tasks in science and technology, it says in a separate report on budgets submitted by the Ministry of Finance.' To read full article, click here Image by freepik Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #GlobalNews #China #Research #Technology #Innovation