A giant screen shows Chinese President Xi Jinping attending the opening session of the National People's Congress (NPC) at the Great Hall of the People, in Beijing, China on Friday, March 5, 2021. - Reuters
SHANGHAI: China will increase its annual research and development spending by more than 7% every year over the next five years, the government wrote on Friday in its work report from the Fourth Session of the 13th National People's Congress.
The government will increase expenditure on basic research by 10.6% in 2021, the report added.
