Synopsis
The ramp-up highlights the country s commitment to advancing in the tech sector, as the country increasingly clashes with the United States and other countries over technology policy.
Reuters
China will increase its annual research and development spending by more than 7% every year over the next five years, the government wrote on Friday in its work report from the Fourth Session of the 13th National People s Congress. The government will increase expenditure on basic research by 10.6% in 2021, the report added. The ramp-up highlights the country s commitment to advancing in the tech sector, as the country increasingly clashes with the United States and other countries over technology policy.
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