Today, the State Information Office held a series of press conferences on the theme of “Starting with the 15th Five-Year Plan” series. In response to the media's proposal on “how to give full play to the guiding and leveraging role of finance to help China become self-reliant in science and technology”, a relevant Ministry of Finance official said that in the next five years, the central government will further increase investment and improve the efficiency of financial resources. According to reports, over the years, the central financial administration has continued to increase investment in the field of science and technology, strengthen policy supply, and promote historic achievements and historic changes in China's science and technology industry. During the “14th Five-Year Plan” period, the intensity of investment in science and technology was unprecedented, and the driving effect increased significantly. Li Xianzhong, director of the General Department of the Ministry of Finance, explained that during the “14th Five-Year Plan” period, the country's general public budget expenditure on science and technology increased by 33% compared to the “13th Five-Year Plan” period, and the whole society maintained an average annual increase of 10%. In 2025, R&D expenditure exceeded 3.9 trillion yuan, and the investment intensity reached 2.8%, surpassing the average of the OECD countries for the first time. The “15th Five-Year Plan” period is a critical period for building a strong science and technology nation. The Ministry of Finance will more strongly and effectively support self-reliance in science and technology. Li Xianzhong, director of the General Department of the Ministry of Finance, explained that the central financial administration will further focus on basic research, applied basic research and national strategic science and technology tasks, continue to increase investment, and guide local and social forces to increase investment in research and development. Improve the mechanism for the allocation, management and use of financial science and technology funds, work with relevant departments to improve institutional mechanisms, improve management measures, and ensure that real money is put in place and used well. Further deepen the reform of empowering scientific and technological achievements in positions and managing separate assets.

Zhitongcaijing · 2d ago
Today, the State Information Office held a series of press conferences on the theme of “Starting with the 15th Five-Year Plan” series. In response to the media's proposal on “how to give full play to the guiding and leveraging role of finance to help China become self-reliant in science and technology”, a relevant Ministry of Finance official said that in the next five years, the central government will further increase investment and improve the efficiency of financial resources. According to reports, over the years, the central financial administration has continued to increase investment in the field of science and technology, strengthen policy supply, and promote historic achievements and historic changes in China's science and technology industry. During the “14th Five-Year Plan” period, the intensity of investment in science and technology was unprecedented, and the driving effect increased significantly. Li Xianzhong, director of the General Department of the Ministry of Finance, explained that during the “14th Five-Year Plan” period, the country's general public budget expenditure on science and technology increased by 33% compared to the “13th Five-Year Plan” period, and the whole society maintained an average annual increase of 10%. In 2025, R&D expenditure exceeded 3.9 trillion yuan, and the investment intensity reached 2.8%, surpassing the average of the OECD countries for the first time. The “15th Five-Year Plan” period is a critical period for building a strong science and technology nation. The Ministry of Finance will more strongly and effectively support self-reliance in science and technology. Li Xianzhong, director of the General Department of the Ministry of Finance, explained that the central financial administration will further focus on basic research, applied basic research and national strategic science and technology tasks, continue to increase investment, and guide local and social forces to increase investment in research and development. Improve the mechanism for the allocation, management and use of financial science and technology funds, work with relevant departments to improve institutional mechanisms, improve management measures, and ensure that real money is put in place and used well. Further deepen the reform of empowering scientific and technological achievements in positions and managing separate assets.
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