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China to Diversify Funds in Introducing Foreign Intellectual Resources
China will diversify funds to employ more foreign experts and send more Chinese workers overseas for various training programs.
Head of the State Bureau of Foreign Experts Affairs (SBFEA) Wan Xueyuan said at a ongoing national meeting on introducing foreign intellectual resources here Wednesday that government allocations will no longer be the only source of funds to introduce foreign expertise into China.
Funds allocated by the Chinese government will be used mainly to finance key projects in the country's leading industries and its underdeveloped regions, said Wan.
Developed coastal regions in east China are requested to use funds raised by local governments, while state allocations will be mainly used to support China's central and western regions, he said.
In addition, SBFEA and the Chinese ministry of education will set up funds to aid China's software industry and integrated circuit manufacturing industry.
To meet these new requirements, SBFEA will restructure the China Foundation for International Exchange of Personnel, a foundation set up and managed by SBFEA, in an effort to bring more foreign workers into China.
The foundation will raise funds from enterprises, consortiums and non-governmental organizations, and will use these funds to support China's hi-tech industries and key projects on agriculture, social security, environmental protection and other projects of public interest.
The foundation will launch international personnel exchanges, in the spirit of multilateral and bilateral agreements reached between governments, and using established contacts between international sister cities.
The foundation will raise more funds through a variety of channels, exchange more scholars between Chinese and foreign universities and seek more help from transnational corporations for Chinese enterprises for staff training programs.
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