Wednesday, October 19, 2016
High-tech investment should be de-bubbled
ANBOUND
The importance of strengthening high-tech investment has been recognized by national policies of various countries and by the public opinion. The proportion of investment in research and development in GDP has already become a key indicator of a country's recognition of science and technology, or even an important measure of a country's competitiveness. Anbound recognizes the role of science and technology development, but in the era of over-capitalization, large amount of capital competing in high-tech investment will also bring some negative effects, and this can only deplete wealth. Concerning this, Anbound's chief researcher Chan Kung suggested that China should be transparent in its policy to encourage science and technology investment, and should move from actions that could cause excessive investment in the market to a more rational, scientific national science policy system.