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China’s Super Think Tank To Seek Financial Independence

In an interview with the People’s Daily, Zhen Xingli, Vice Chairman of the China Center for International Economic Exchanges (CCIEE) revealed that CCIEE has formed a grant foundation team with the target of raising 500 million yuan by seeking financial support from corporations and enterprises. CCIEE received 5 million yuan from the Ministry of Finance as its initial funding.

Since its formation three months ago, CCIEE has provided dozens of research papers to the central administration, including topics on green recovery and expansion in exporting channels. On July 3 and 4, CCIEE will host its first "Global Think Tank Summit" in Beijing.

Source: Xinhua, June 18, 2009