this post was submitted on 10 Mar 2024
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[โ€“] Tomorrow_Farewell@hexbear.net 28 points 6 months ago (2 children)

The PRC is increasing funding of science. But at what cost!!!!?!?!

[โ€“] bennieandthez@lemmygrad.ml 14 points 6 months ago

at the cost of evergrande bondholders ๐Ÿ˜ญ

[โ€“] SSJ2Marx@hexbear.net 12 points 6 months ago* (last edited 6 months ago) (1 children)

According to the article:

371 billion yuan (US$52 billion) on science and technology in 2024 โ€” a 10% increase compared with the previous year

This is about a quarter of what the US government spends according to this report from the White House which shows about $200 billion in research dollars across all government agencies, although I'm sure this isn't a perfect comparison.

[โ€“] bennieandthez@lemmygrad.ml 9 points 6 months ago

to think that a huge portion of that budget could've been used to save evergrande bondholders ๐Ÿ˜ข