The Chinese government plans to invest 5.359 billion yuan into scientific funding this year, 25% more than last year. The planned investment was announced at the first session of the sixth National Natural Science Foundation meeting held on May 27.
In recent years, the State's scientific funding investment has been growing steadily, increasing from 2.047 billion yuan in 2003 to 4.298 billion yuan in 2007.The annual growth rate exceeds 20%, and the total investment has doubled, explained Chen Yiyu, director of the National Natural Science Foundation. He added that the environment for innovative research is improving.
In 2007, 14,700 projects were subsidized by the National Natural Science Foundation worth 4.975 billion yuan. This year, the National Natural Science Foundation has received applications
for 80，393 projects from various departments; and plans to allocate 6.4 billion yuan in subsidies.
By People's Daily Online
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