BEIJING – China is looking to universities and research institutes for an engine to sustain economic growth and drive economic restructuring.
On Monday, the State Council published a national plan for progress in science and technology by 2020, listing a set of targets as well as government actions to help meet them.
Among the set goals, the country aims to have knowledge-intensive services account for 20 percent of gross domestic product (GDP) by 2020, up from 15.6 percent in 2015, and make total factor productivity, of which technology is a sub-set, account for 60 percent of growth in 2020, up from 55.3 percent last year.
The document came as the traditional incentives that have driven the country’s economic miracle…
Read the full article at: http://www.chinadaily.com.cn/bizchina/2016-08/10/content_26418665.htm