In the meantime, we will Looking ahead, NSFC will stress on the following aspects in its future development: innovative research, talents cultivation, international cooperation and management of excellence. Yingjun Su, Young Scientists Fund of the National Natural Science Foundation of China, 2019, The Mechanism and Impact of Overcapacity Reduction Policy: An Empirical Study on the Chinese Steel Industry12. To this end, we will distinguish basic researches with different scientific attributes. Copyright © 2019 Institute for Economic and Social Research In 2018, it become managed by the Ministry of Science and TechnologySince its establishment, NSFC has comprehensively introduced and implemented a rigorous and objective merit-review system to fulfill its mission of supporting basic research, fostering talented researchers, developing international cooperation and promoting socioeconomic development.The administrative system has been well developed and improved for the decision-making of the funding policy, the implementation of funding programs and the supervision of funding operation. Lijuan Yin, Young Scientists Fund of the National Natural Science Foundation of China, 2019, Policy Uncertainty and Firm Innovation -Theory and Evidence based on China's Entry into WTOYoung Scientists Fund of the National Natural Science Foundation of China, 2019, School Consolidation in China: Its Costs, Benefits and Total Welfare Impacts18. The management system of project implementation and a complete set of regulations have been formulated.It has gradually established its funding system focusing on the three categories of programs those include research promotion, talent fostering and infrastructure construction for basic research.Along with the continuously increasing investment in basic research by the government, NSFC’s annual budget has increased from 80 million RMB in 1986 to 31.11 billion RMB in 2019. The ultimate goal is to give timely support to truly new ideas and concepts which provide concrete solutions to meaningful scientific problems.

NSFC encourages international cooperation and exchange in basic research. Copyright 2017 NSFC, All Right ReservedThe National Natural Science Foundation of China (NSFC) was established on February 14, 1986.
Provide supports to other science foundations in China;6. Shujuan Li, Young Scientists Fund of the National Natural Science Foundation of China, 2019, The heterogeneity effect of local government's economic growth target constraint on enterprise investment15. Upon its establishment, NSFC was an institution directly under the jurisdiction of the State Council, tasked with the administration of the National Natural Science Fund from the Central Government.

With the increasing expectation and support of the Chinese government, basic research has ushered in a new era of both historic opportunities and unprecedented challenges. In 2018, it become managed by the Ministry of Science and Technology（MOST） but kept its due independence … Upon its establishment, NSFC was an institution directly under the jurisdiction of the State Council, tasked with the administration of the National Natural Science Fund from the Central Government. An appropriate review process is needed for each of the four above-mentioned funding categories. 44,504 new awards were granted to over 1500 host institutions in 2018, and most of these awards went to individuals or groups of investigators. In recent years, the world is witnessing a new round of technological revolution and profound shifts in the research paradigm of global science.


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