Scientific and Technological Innovation Support has increased in China

Beijing, May 28 (IANS). From this year, China continued the support for scientific and technological innovation. According to the latest data from Chinese financial ministry, science and technology expenses across China from January to April were 2 trillion 95 billion 30 million yuan, which is 3.9 percent more than in the same period last year. The financial aid system has been improved to increase technological innovation in different regions of China. Shantong province has continued to increase financial assistance for target-oriented basic research. Below, major projects such as new energy batteries and human robots have been implemented. The single assistance amount reached 16 Lakh Yuan. This year, Shantang will invest about 1 billion provincial financial funds to increase the development of the entire operating chain of AI. At the same time, the City of Chonging this year improved the method of subsidy. Specific projects get direct financing aid. The assistance amount for a single major project can reach 1 crore to 3 crore yuan. Its purpose is to effectively increase the accuracy of fiscal investment. (Sincerely- China Media Group, Beijing) -Ins ABM/ Share these Story Tags