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China aims to raise R&D investment to 2 percent of GDP by 2010
China aims to raise spending on scientific research and development to 2 percent of GDP by 2010, according to a government document issued on Friday.
The ratio edged up to a record 1.23 percent in China in 2004, far below the standard of developed countries.
The National Scientific and Technological Development Program of the 11th Five-Year Plan Period (2006-2010), issued by the Ministry of Science and Technology, says China will establish a national innovation system, a rational scientific and technological development structure and strive to make major breakthroughs and leapfrog development in certain major areas during the 2006-2010 period.
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