According to the Ministry of Science and Technology, 80 % of this budget targeted Information technology, advanced manufacturing, new energy, biomedicine and other high-tech fields. It was announced that China will build new technology sharing platforms for researchers and implement new laws to protect their intellectual property. China will also encourage companies to build innovation centers, staffed with professional technical managers, to cooperate with universities and institutions, Eight investment funds, including a 10-billion-yuan fund for commercializing major science projects, have already been established.

CAS news release, February 23, 2017