Friday, 24 March, 2023

China estimates science, tech spending to reach 320.55B yuan in 2021

<p>China&#39;s Finance Ministry announced on Saturday that the government spent 320.55 billion yuan ($50.73 billion) on science and technology last year, accounting for 99.3 percent of the projected amount. In 2022, the government&#39;s total spending on the industry is set to increase by 7.2 percent, according to a budget report from the ministry. ($1 = 6.3188 Chinese yuan renminbi)</p>