BEIJING – China is looking to universities and research institutes for an engine to sustain economic growth and drive economic restructuring.
On Monday, the State Council published a national plan for progress in science and technology by 2020, listing a set of targets as well as government actions to help meet them.
Among the set goals, the country aims to have knowledge-intensive services account for 20 percent of gross domestic product (GDP) by 2020, up from 15.6 percent in 2015, and make total factor productivity, of which technology is a sub-set, account for 60 percent of growth in 2020, up from 55.3 percent last year.
The document came as the traditional incentives that have driven the country’s economic miracle…
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