Next week, the Chinese authorities will release details of the country’s next five-year development plan. According to the Minister of Science of China, Wang Zhigang, one of the emphasis in the new plan will be on applied research and, in particular, on the development of semiconductors. In these areas, it is expected to redouble efforts, and in order not to scare off foreign companies in the country, they will begin to punish them more severely for theft of intellectual property.
I must say that the comprehensive support of science and technology in China by the authorities does not mean that everything is going smoothly. Thus, the 2020 targets for financing scientific and technical work were not achieved. According to the previous five-year plan, in 2020 it was necessary to spend 2.5% of the country’s GDP on research, while in fact 2.4% was spent. In monetary terms, this is 2.4 trillion yuan or $ 370 billion. The pace of funding for science and technology began to decline in 2019 and this process accelerated in 2020. The Minister did not explain the reasons for the reduction in funding, but it can be assumed that sanctions contributed to this to some extent. and a trade war with the United States.
The minister also said that China does not want to break off cooperation with the United States, especially in areas such as semiconductors and scientific research, but he will prioritize semiconductors, including integrated circuits, software and advanced microcircuits, in research and development.
“We will actively create an enabling environment for international companies to invest and develop in China. We will strengthen the protection of intellectual property rights within the framework of our cooperation, strictly enforce the protection of integrated circuits and software, as well as toughen the penalties for infringement of intellectual property rights, ” – said the minister.
If you notice an error, select it with the mouse and press CTRL + ENTER.