"From 2013 to 2023, combined central and local government spending on fundamental research in China more than tripled to 145 billion yuan (US$21 billion), according to data from the country's Ministry of Finance."
"The results of China's rising investment in fundamental research are plain to see: its contribution to articles in Nature Index journals, for example, is on track to be double that of the United States by the end of 2026."
"China's President Xi Jinping has specifically called for organizations outside the government to support fundamental research, encouraging investment through scientific funds or donations."
China's public funding for fundamental research has surged, tripling to 145 billion yuan from 2013 to 2023. In contrast, US spending increased to US$59 billion. China's contributions to prestigious journals are expected to surpass those of the US by 2026. To further advance its technological capabilities, China is encouraging private sector involvement in research funding. President Xi Jinping has urged non-governmental organizations to invest in science, leading to increased contributions from tech philanthropists and companies like Tencent.
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