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China's R&D spending increased to 2.18 percent of its GDP last year, up by 0.06 percentage points, previous NBS data showed. [Photo/IC]
China will step up renovating aging residential communities in cities, complete the upgrading of rural power grids a year ahead of schedule and better ensure access to safe drinking water in rural areas to improve people's livelihoods.
China will invest around 110 billion yuan (.2 billion) by 2020 to help the country's top 42 universities become first-class institutions, while creating 137 universities with first-class standing in specific fields, Yang Wei, former director of the National Natural Science Foundation of China, said during a panel discussion at the 20th annual meeting of the China Association of Science and Technology in Hangzhou, Zhejiang province, which opened on Saturday.
China's cabinet-level committee to oversee financial stability is able to play a key role in coordinating policymaking, according to Huang.
China will establish a state financing guaranty fund, support leading innovative enterprises in going public, and extend nationwide the pilot preferential tax policies for venture capital investment and angel investment, Li said.
来源：资阳报