BEIJING -- China under President Xi Jinping is set to increase basic-research funding as a share of its research and development budget, aiming to cultivate key high-tech industries and expand the ranks of its Nobel Prize winners.
Government aims to foster AI, space and new energy industries amid rivalry with US

China has had only three Nobel laureates in the natural sciences. Beijing hopes to boost that number by spending more on research. (Source photos by Reuters)
BEIJING -- China under President Xi Jinping is set to increase basic-research funding as a share of its research and development budget, aiming to cultivate key high-tech industries and expand the ranks of its Nobel Prize winners.