State Administration of Science Technology and Industry for National Defense.
The day will be celebrated annually starting this year, and the celebration
details and other issues will be decided by the two departments and other rela
ted agencies, according to the State Council. A truck transfers containers at
Qingdao port in Qingdao, east China's Shandong Province, Aug. 8, 2016.(Xinhua
/Yu Fangping) Aug. 10 (Xinhua) -- China is looking to universities and resear
ch institutes for an engine to sustain economic growth and drive economic rest
ructuring. On Monday, the State Council published a national plan for progres
s in science and technology by 2020, listing a set of targets as well as government actions to help meet them. Among the set goals, the count
ry aims to have knowledge-intensive services account for 20 percent of gross domestic product (GDP) by 2020, up from 15.6 percent in 2015, and
make total factor productivity, of which technology is a sub-set, account for 60 percent of growth in 2020, up from 55.3 percent last year.