xi's moments
Home | Hot Words

项目经费 "包干制" (xiàngmù jīngfèi bāogānzhì): Ceilings in funding that enable the retention of unused funds

China Daily | Updated: 2019-03-11 07:20

A worker labors at a label manufacturer in Huzhou, Zhejiang province, in February. [Photo/VCG]

In the Government Work Report this year, Premier Li Keqiang said China will further increase the proportion of indirect funding for basic research projects, pilot the creation of ceilings in funding that enable the retention of unused funds, set no limits on the proportions of spending items, and give research teams the power to decide how to use funds.

Premier Li said we must fully respect and trust our scientists and researchers, and empower teams and leaders of innovation by placing more human, financial and material resources at their disposal and giving them more power to make decisions on technology road maps.

According to Li, China will increase support for basic research and application-oriented basic research, as well as build enterprise-led mechanisms for bringing together companies, universities and research institutions to engage in innovation.

The government will build mechanisms to bring together enterprises, universities and research institutions to engage in cooperation, and IP protection is to be strengthened across the board.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349