China will support 11 national research programs with funding of at least 62.8 billion yuan (US$9.2 billion) over one and a half years to achieve breakthroughs in key technology development, the government said yesterday. Areas covered by the programs included advanced numerically controlled machine tools, trunk-line aircraft, a new-generation broadband wireless mobile communications network, and high-end central processing units and software. The programs also focus on the development of large oil and gas fields, advanced nuclear power stations that use pressurized-water reactors and high-temperature gas-cooled reactors, technology for the treatment and control of water pollution, transgenic products, drug development, and the treatment of major infectious diseases such as HIV/AIDS. A working meeting of the State Council, China's Cabinet, yesterday endorsed the proposed government investment of 62.8 billion yuan into the programs by the end of next year. Further investment is expected to be added by companies directly involved in the programs.

Source: OPCO Research Reports, May 14, 2009