ANNOUNCEMENT 20 Dec 2018
December 20th, 2018 - A Chinese ministry announced the official details on the implementation of a financial support policy.
NUMBER OF INTERVENTIONS
PRC State Council, December 20th, 2018. (国科发重〔2018〕315号 科技部 发展改革委 财政部关于印发《进一步深化管理改革激发创新活力确保完成国家科技重大专项既定目标的十项措施》的通知)
On December 20th, 2018, the Chinese Ministry of Science and Technology released implementation details of a State Council policy (see related act; hereafter referred to as 'parent policy') in Guoke Fazhong 2018/315 (hereafter, 'Announcement').
As well as confirming that the 'proportion of projects targeted for [government] support' will be increased, the Announcement confirmed the implementation of the parent policy, including the subsidy structure proposed therein, which was the following:
As per the parent policy, the funding is targeted towards science/technology research projects deemed of merit by the authorities. This Announcement, however, only specifies that this funding will be targeted towards 'knowledge-heavy, equipment-light' projects.
Several regional announcements further elaborated on this, please see related acts for more information on these.