Academy converts science to products

The Chinese Academy of Sciences will intensify its efforts to transform research into products that can improve society, officials said on Thursday.

Since last year, the academy has actively tried new mechanisms and models to facilitate the transformation of scientific achievements into new products, integrating science with the economy, said Yan Qing, director of the academy's Bureau of Science and Technology for Development.

Its efforts have yielded fruit in the last year, with 13,360 projects from the academy producing 426.9 billion yuan ($62 billion) in sales revenue, Yan said.