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Chinese Scientists Celebrate

When it comes to China's economic development, the country's government has decided that advances in science and technology are essential, reports ScienceInsider's Mara Hvistendahl. In a draft budget released at the opening session of the annual National People's Congress, Premier Wen Jiabao announced China has earmarked $5.14 billion for basic research in 2012, a 26 percent increase from 2011, Hvistendahl says. Overall spending on science and technology will rise 12.4 percent to $36.23 billion, and funding to two projects that funnel money to universities will rise 24 percent.

In a speech to the congress, Wen said the government would try to "more closely integrate science and technology with the economy."