The Chinese government has decided to set up a special fund for national key laboratories and the initial 1.4 billion yuan (about 195.8 million U.S. dollars) will be in place this month, sources announced in Beijing Monday.
Minister of Science and Technology Wan Gang said at a national conference that the fund would enable the country's 220 national key laboratories to get access to "stable financial support."
"A lack of stable financial support has become a bottleneck for the development of state key labs," he said.
"The fund will facilitate the building of a research environment that shows tolerance to scientific failures and sinks impetuous attitude," he added.
According to Vice Minister of Finance Zhang Shaochun, the initial 1.4 billion yuan covered by the central budget will be used on the labs' maintenance and scientific research in individually-picked topics. More fund will be allocated in the near future to upgrade scientific research facilities.
China has built 220 national key laboratories, employing more than 10,000 people, since 1984. They serve as key bases for the country's advanced basic research as well as frontier science research.
Source: Xinhua
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