Current location:World Wave news portal > opinions
Ready to be world's largest spender on R&D
World Wave news portal2024-05-21 06:37:47【opinions】1People have gathered around
IntroductionResearchers from an automation equipment company in Nanjing, Jiangsu province, prepare for the radia
Researchers from an automation equipment company in Nanjing, Jiangsu province, prepare for the radiation emission experiment in an electromagnetic compatibility lab on July 7.
Govt, corporates lead China's big investments for top technologies to boost growth, innovation
China, including its major corporates, is investing big on research and development for breakthroughs in cutting-edge technologies, to not only make innovation integral to economic growth, but gain a global edge, with 3.08 trillion yuan ($420.9 billion) already allocated for R&D in 2022, up 10.1 percent year-on-year, according to the National Bureau of Statistics, and much more in the offing for the future.
The R&D expenditure of enterprises reached 2.39 trillion yuan in 2022, up 11 percent year-on-year, contributing 84 percent of the country's R&D growth, up 4.6 percentage points from the previous year.
Deng Zigang, a researcher of Southwest Jiaotong University in Chengdu, capital of Sichuan province, epitomizes China's recent thrust on R&D. Five years ago, Deng wanted to develop a vacuum-tube maglev. In the initial stages of executing his ambitious project, he targeted a 45-meter loop and a top speed of 50 kilometers per hour. But, some experts were skeptical. They, Deng recalled, said the eventual outcome of his research would be "a toy", not a serious transportation option.
Such attitudes savaged Deng's confidence, but he did not give up on his dream. Instead, he persisted despite not receiving much recognition for his efforts. Ultimately, his sustained focus on the frontier area paid off — he won the Xplorer Prize co-initiated by Ma Huateng, Tencent Chairman and CEO and founder of the Tencent Foundation, and a number of renowned scientists.
The prize, launched in 2019, encourages talented young scientists to concentrate on basic research and R&D of frontier technologies.
"It really meant a lot to me and our research team as we felt more empowered, more confident, and more motivated," Deng said, adding it is gratifying to see his area of specialization has now become a key focus of research both in China and abroad.
Over the past five years, Deng and his team have developed a high-speed maglev experimental loop in China, making improvements to the project continuously. Theirs is the world's first high-temperature superconductor vehicle test platform that can withstand speeds of up to 620 kilometers per hour, promising a new generation of transportation technology that could benefit not just China, but the entire world. It is an area where several countries and regions are striving for a breakthrough.
According to the NBS, China will scale up R&D budget by more than 7 percent annually during the 14th Five-Year Plan (2021-25) period. Consultancy McKinsey &Co said in a report that such a growth target will make China the world's largest spender on R&D.
Address of this article:http://ukraine.downmusic.org/news-49a799859.html
Very good!(15258)
Related articles
- Kristin Cavallari, 37, ignores critics of her age
- Ruby Franke: Parenting advice YouTuber given maximum sentence for child abuse
- Prime Minister Christopher Luxon looks for Estonian inspiration
- Hope new research will help get answers for those with rare disorders
- French sports minister calls for sanctions after Monaco player tapes over anti
- Port of Auckland workers protest mayor's long
- Grammys 2024: Music's elite gather for 66th annual awards
- RTHK using AI presenters to 'enhance productivity,' relieve staff shortage
- Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
- Roger William ‘living man’ Blake’s jail term over Covid ‘cure’ converted to home detention
Popular articles
Recommended
Ship that caused Baltimore bridge collapse has been refloated
Government 'looking at' mining on DOC lands
EDITORIAL: Japan makes security policy switch without public discourse
Group calls on goverment to withdraw Accessibility for New Zealanders Bill
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Harrison Ford's Star Wars script sells at auction
Labour defends roadside drug testing legislation
Cuts and closures in New Zealand's news media industry: What you need to know
Links
- Australian prime minister describes domestic violence as a 'national crisis'
- Argentina's FM to visit China
- Israel says building of Gaza aid pier begins
- Camilla beams with Charles by her side again
- Experts reveal why 15 percent of people don't lose weight on Ozempic
- China hopes US can view China's development in positive light: Xi
- China's industrial profits up 4.3 pct in Q1
- Inter secure Serie A title in heated win over Milan
- Boosted by sci
- Liverpool's title hopes fade further with West Ham draw