China Academy of Science Annual Budget is $3 billion per year and rising which is plenty for their Thorium molten salt reactor development and other projects

Although the budget for China’s Innovation 2020 is yet to be announced, insiders say it will be part of a continuing surge in the nation’s science spending. Indeed, the China Academy of Science (CAS’s) expenditure on research and development (R and D) in 2009 was about 20 billion renminbi (US$3 billion), seven times the level in 1998, according to a KIP assessment report also released last week. This year’s budget for the National Natural Science Foundation of China will increase by 70%, from 10 billion renminbi last year.

Innovation 2020 will kick off with new projects this year in seven key areas, including nuclear fusion and nuclear-waste management; stem cells and regenerative medicine; and calculating the flux of carbon between land, oceans and atmosphere. Other priority areas include materials science, information technology, public health and the environment.

The Chinese Academy of Science announced the thorium molten salt reactor project in January 2011. The CAS has the research budget to develop the Thorium molten salt reactor. There are many thorium molten salt reactor designs and research from prior molten salt reactors that are available online.

Documents Related to Liquid-Halide (Fluoride and Chloride) Reactor Research and Development (energy from thorium website has almost all of the public documents on molten salt and thorium reactor research)

Phil Bowermaster indicated that he would in 2012 I pledge my full support to the presidential candidate who outlines the most aggressive plan for implementing thorium-based nuclear power plants. And I’ll go door-to-door for any candidate who hedges such a plan against the solar singularity.

The support would then be for the next President of China, Xi Jinping

The CAS also calculates that research and development by the KIP generated an income of 140 billion renminbi and tax revenue of 22 billion renminbi in 2009 — respectively 19.5 and 14.5 times the levels in 2000.

4 pages on China’s research funding and goals

China’s scientific research and development (R&D) total spending was RMB $580.2 billion (US $87 billion) in 2009, fourth in the world after the United States, Japan and Germany, according to the national R&D resources survey conducted by the National Bureau of Statistics (NBS) released on Nov 23, 2010.

China’s total spending on R&D includes RMB $27 billion (US $398 million) on basic research, RMB $73 billion (US $10.7 billion) on applied research and RMB $480 (US $70.6 billion) on experimental research and development.

The Chinese government investment in R&D was RMB $135.8 billion (about US $20 billion) in 2009, about 4.5 times of the investment in 2000 or an annual increase of 18.3 percent. An estimated 3.2 million people were involved in China’s R&D activities in 2009, the largest number in the world.

China has been continuously increasing its investment on R&D. However, the ratio of R&D investment against GDP is at 1.7 percent in China, far behind an average of 3 percent in leading countries worldwide.

By 2020, CAS plans to realize seven goals:
1. Achieve breakthrough in core technology in key strategic areas including space
sciences, information, energy, ocean studies, and human health.

2. Optimize and promote basic research in material science, chemistry, physics, mathematics, earth science, astronomy, and life sciences.

3. Improve innovative capability by developing one third of CAS institutes into competitive and influential world class institutions.

4. Acquire excellent innovative talents, specifically 2,000 chief scientists, 3,000 leading scientists, and produce 120,000 graduate students.

5. Expedite conversion from basic research to development by establishing effective nationwide CAS-regional R and D cooperation network.

6. Provide more influential consulting service to national level decision makers.

7. Become the S and T representative of China in international S and T cooperation by more actively engaging in global collaboration and playing a leading or core role in regional S and T cooperation.

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