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Guizhou boosts investment in research, experiments

eguizhou.gov.cn| Updated: 2021-10-28 Print

The latest statistics showed that in 2020, Southwest China's Guizhou province invested 16.17 billion yuan ($2.53 billion) in research and experiments, an increase of 1.7 billion yuan on that in 2020.

During the 13th Five-Year Plan (2016-20) period, the data showed that Guizhou's investment in research and experiments maintained an average annual growth rate of 21.02 percent, ranking it first in China.

It is believed that the increasing investment in research and experiments will help to attract, cultivate and employ tech personnel, improve the innovative capacity of businesses, assist with breakthroughs in key technology research, as well as accelerate the application of scientific and technological achievements in production.

With the increased investment, Guizhou's regional innovation ability last year was ranked 18th in China, with its comprehensive technology innovation ability index ranked 25th in the country last year.

Guizhou has reportedly also witnessed increases in the number of technology talent, improved quality of its innovation platforms, rapid growth of technology enterprises and breakthroughs in key technologies.

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