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January 29th, 2007
New science policy welcomes business
In 2006 the ministry approved funding for 70 basic research projects, including four key research projects on protein engineering, quantum manipulation, nanotechnology and reproductive studies.
The four projects altogether are budgeted at 4 billion yuan ($512.8 million) although the amount could rise if further funds are required.
In new branches of science such as molecular biology and nanotechnology, Chinese scientists are rapidly catching up with their foreign colleagues. Chinese scientists ranked second for the number of nanotechnology papers published in major international academic journals last year. Their number of biology papers ranked 6th.
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