CAS will attempt to streamline their institutes, by removin overlaps and enhancing quality. Wan GANG, Minister of Science and Technology, told Xinhua that, compared with developed countries, China’s science sector is poorly managed and inefficient, with less information sharing and communication; problems that have held back scientific development despite increased investment. The government hopes more commercial enterprises will work with research institutes, but for that to happen, institutes need to be more open and flexible, Wan said. At least 25 companies listed on China’s A-share market are controlled by universities and research institutes with a total market value of about 187.8 billion yuan (30.49 billion US dollars)

CAS news release, August 22, 2014