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Fiscal spending on sci-tech development grows 6.4% annually from 2018-2023

China SCIO | February 1, 2024

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From 2018 to 2023, China's fiscal expenditure on science and technology increased from 832.7 billion yuan to over 1 trillion yuan (US$139.25 billion), representing an average annual growth rate of 6.4%, the country's vice minister of finance said at a press conference Thursday.