China Unveils 15-year Plan

China announced its 15-year plan to invest in technologies ranging from genetics to energy-efficient cars in an effort to spur economic growth and improve environmental protection. The plan issued by the Cabinet calls for China to raise spending on research to two percent of economic output by 2010 and 2.5 percent by 2020, although it didn't give the current spending level. It promises to encourage private research spending by offering tax breaks and improving patent and copyright protections. The new plan calls for development in 11 key areas, including the environment, agriculture, manufacturing, power generation and defense. It includes a call for pioneering work in genetic engineering, superconductors, deep-sea exploration, lasers and other technologies. Other areas targeted in the new plan include high-speed rail transport, energy-efficient automobiles, treatment for heart and brain ailments, and medical equipment. (Source: The Hindu)