Greater Bay Today

Shenzhen sets big research budget

Shenzhen’s government has set aside a RMB12.3 billion budget for research and development in technology this year, according to local media reporting from the recent Shenzhen Future Forum Technology Summit.

The budget has grown by five times since 2015, with CNY4.54 billion or 36.87%, to be invested this year in basic research. The city has established more than 2,000 scientific labs, doubling since 2012.

Read more (in Chinese).