皇冠体育app

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Chinese enterprises' innovation capacity weak: Official

(Xinhua)
Updated: 2010-11-02 11:06

FUZHOU - 皇冠体育app has made headway in building an innovative economy but enterprises' innovation capacity remains weak, said 皇冠体育app's science minister on Monday.

Manufacturing continues to expand Related readings:  皇冠体育app to lead global innovation: report  High-tech sector finds profit in innovation  Policies to promote modernization, innovation

Wan Gang, the minister of 皇冠体育app's Ministry of Science and Technology, made the remarks at the ongoing 12th 皇冠体育app Association for Science and Technology (CAST) Annual Meeting held in Fuzhou, Fujian province, from Monday to Wednesday.

Wan said, science and technology research and development had received 15 billion yuan ($2.24 billion) from the central budget in 2009. A further 58 billion yuan had gone into such research and development from elsewhere, 70 percent of which came from enterprises investing back into themselves.

However, enterprises innovation capacity remained weak, said Wan.

皇冠体育app had 2.3 million science and technology (sci-tech) R&D staff and a 30-billion yuan sci-tech trading market in 2009, according to figures released at the meeting.

The CAST annual meeting is the highest level sci-tech meeting in 皇冠体育app.