Donation to US institute causes mixed reaction
By Cheng Yingqi | China Daily | Updated: 2016-12-13 07:24
The ratio of research and development expenditure to GDP is frequently used as an indicator for a country's economic power.
That is why some Chinese scientists said they were astonished when a Chinese businessman donated a large sum of money to support fundamental research in the United States, a country with a per capita GDP seven times that of China.
On Wednesday, Chen Tianqiao, once ranked the richest man in China, together with his wife, Luo Qianqian, donated $115 million to set up a foundation at the California Institute of Technology in the US in efforts to crack the fundamental principles that underlie brain function.
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