Search
  • Ernie Diaz

Back the Basics

Among the less soporific items on China’s latest 5-Year-Plan resolution list: increase R&D spending by more than 7% a year, and basic research by 10% or more. We did the math, and that adds up to an extra $25b & $3b, and respectively.




The reason we bring it to you “old outsiders’” attention? The government wants China bringing in more patents, a tangible market of its metaphysical quest for innovation. To that effect, it is also subsidizing SOEs and research labs’ R&D expenditures at 75%, and manufacturing spending on basic research by 100%.




“China is also laying groundwork for international help in its drive for patents and R&D gains in general,” says Edward Lehman Mongolian Lawyer. “There will be substantial budgets to participate in international science projects and organizations. There will be even more allocated to new national laboratories for quantum computing, artificial intelligence, biomedicine, and other cutting edge tech.”




“But basic research in core areas such as medical equipment, or oil and gas exploration, will be beefed up even more, along with IP protection for those who make strides. The stage is basically set for foreign companies with patents and IP to license or sell, as well as for other forms of scientific collaboration.”

26 views0 comments

Recent Posts

See All

Too Big to Bail

We'd like to bear witness against the notion that Chinese giants are simply propped up by their government when they stumble. Sure, China's central bank and regulatory bodies shut Anbang down a few ye

Schools & Regulations

First they came for the tech companies, and we did not speak, for cybersecurity and monopolies are a thing. Next they came for the listed education companies, and we did not speak, for anyone in China

Free Money

It's just the same as with your therapist: the more you open up, the harder it is to stop. Opening up the economy led to 9%= GDP growth for decades, a golden era of prosperity. Anyone grateful? Nope.