This year, central-government expenditure on science and technology is set to rise to 228.5 billion renminbi (US$36.1 billion), a 12.4% increase on last year’s spending, which slightly trails the country’s overall projected budget increase of 13.7%.
Of that science budget, 32.5 billion renminbi will go towards basic research, a 10.1% increase on the 29.5 billion renminbi spent in 2011.
Wen also stressed the government’s continuing commitment to improving agriculture, promising an additional 10.1 billion renminbi — a 53% rise on last year — for developing new agricultural technologies and modernizing China’s seed industry.