China Continues Pouring Cash Into Basic Science | Coffee Party Science | Scoop.it

The Chinese government's budget for basic research is set to increase by more than a quarter this year.

According to Science magazine's Science Insider website, a draft budget published last week pledges more than 32 billion yuan (£3.3 billion) for basic research in 2012.

This represents a 26 per cent increase on last year's budget.

Overall, Chinese state spending on science and technology is set to increase by more than 12 per cent to nearly 230 billion yuan.

The news follows a succession of lavish increases for Chinese science funders in recent years.