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Author Stephen Curry

“May you live in interesting times”, goes the Chinese curse. Chinese scientists are certainly living in interesting times (as reported today in Nature ) but they are unlikely to see it as a curse. The budget of the Chinese Academy of Science (CAS) has increased sevenfold since 1998 and is set — as part of bold plans — to rise 70% in the coming year.

Published
Author Stephen Curry

The government is worried about the economy and rightly so. It’s in a bit of a state. When Value Added Tax was raised by 2.5% to 20% at the turn of the year, there were nervous glances to see what impact it might have on consumer confidence. The VAT increase was probably carefully calculated to ensure that people out shopping would not be deterred from their purchases, so that the consumption merry-go-round would keep on turning.