Shanghai set for huge science role within three years
China will make Shanghai a comprehensive science center within three years by implementing systematic innovation reform, it was decided on Wednesday during an executive meeting of the State Council presided over by Premier Li Keqiang. Additionally, new independent districts for innovation will be established in Central, East and Northeast China in an effort to boost innovation-driven development and supply-side economic reform. At the meeting, the State Council, China's Cabinet, decided that Shanghai will enjoy more flexible policies in research funding, the transfer of scientific research findings and collaboration between universities and local enterprises. Shi Yulong, a researcher of China's regional economy at the Academy of Microeconomic Research at the National Development and Research Center, said such policies are designed to boost industrial upgrading in central and northern China as part of the country's economic transition effort.
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