Xinhua reported that the Central Office of the Party and the General Office of the State Council jointly issued an opinion on policies to further improve the ability to manage the funding for scientific projects. The article stated that the new policies were introduced in order to provide incentives to the research associates to improve their creativity and to give extended administrative power over funding management. The policies include simplifying budgetary categories, increasing funding for rewards and recognition, allowing the carry-over of the unused funding to the following year, lowering travel or conference approval requirements, and providing accounting assistants with funding management. Meanwhile the article also stressed the importance of fraud prevention to ensure proper, safe, and effective use of funding.
Source: Xinhua, July 31, 2016