Chinese Government will spend 10 billion yuan (US$120 million) 
                  in the next five years to make the Chinese Academy of Sciences 
                  a world-class research institute. 
                  Dr Lu Yongxiang, 
                    president of the academy, said the Government planned to upgrade 
                    about 80 of its 123 research institutes and turn about 30 
                    into "globally recognized top-notch research bodies". 
                    "Of them, three to five should be recognized as the best 
                    in the world."  
                  According to academy 
                    secretary-general Shi Erwei, the academy would hire more world-class 
                    scientists. The scientists would be offered "special 
                    contracts" promising them attractive wages and other 
                    benefits. In addition, the academy would put aside "several 
                    hundreds of millions of yuan each year" to hire about 
                    100 young scientists.  
                  Alarmed by the 
                    rapid progress of technology, Beijing has announced ambitious 
                    programmes to improve competitiveness. Some experts said the 
                    country had suffered a brain drain in the past few years although 
                    the tide had begun to turn in the past year.  
                  (China Daily 01/10/2001) 
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