CONTENT PREVIEW
Industry

China to fund private-sector research and development projects

18 April 2017

The Chinese government has announced a programme to fund private-sector research and development (R&D) projects in military and related activities.

It is thought to be the first time that Beijing has supported private-sector defence R&D through state funds.

The state-run Chinese newspaper Global Times reported on 18 April that the programme features government investment of CNY6 billion (USD872 million) in up to 2,000 R&D projects to be undertaken by the country's private sector, including companies and research institutes.

The programme will place emphasis on R&D in dual-used technologies under China's civil-military integration (CMI) strategy and will be advertised by the People's Liberation Army (PLA) procurement portal, www.weain.mil.cn.



(107 of 395 words)
ADVERTISEMENT

Industry Links

IHS Jane's is not responsible for the content within or linking from Industry Links pages.
ADVERTISEMENT
ADVERTISEMENT