AsianScientist (Jun. 6, 2013) – China’s National Natural Science Foundation has set aside US$3.9 billion (23.8 billion yuan) in funds for scientific research and development (R&D) this year, it announced Tuesday.
About 71 percent of the funds will be covered by the central government, as reported by the state-run Xinhua news agency.
More than 70 percent of the funds will be channeled into projects in intensive disciplines that promote innovation-driven economic development, said Yang Wei, president of the foundation. The foundation has received over 158,000 applications for funding so far in 2013.
The foundation will also promote talent development and seek expanded cooperation with international collaborators, said Yang. He added that it will complete amended regulations to punish misconduct and promote research integrity, and create a database for cases of research ethics violations.
In 2012, out of a total of 177,000 applications, the foundation awarded 38,411 a portion of funds totalling 23.7 billion yuan.
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Copyright: Asian Scientist Magazine.
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