Research to focus on people's livelihoods
By Wu Wencong | China Daily | Updated: 2013-03-08 07:06
State revenue invested in technology research and development will be more focused on strengthening basic research and developing science and technology related to people's livelihoods, a senior official said on Thursday.
Gross domestic expenditure on research and development reached 1.02 trillion yuan ($164.6 billion) last year, accounting for just under 2 percent of GDP. Of this, more than 74 percent came from enterprises rather than government, said Minister of Science and Technology Wan Gang.
"State revenue will mainly cover research in public health, resources and the environment, agriculture, and disaster prevention and reduction," he said.
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