Universities slash research funds amid COVID-19 fallout

Universities across China announced they would slash research funding and other expenses during 2020 due to the economic impact of COVID-19, as government departments set the tone in preparation for thrifty lifestyles amid the pandemic, reports the Global Times.

Jiangnan University in East China’s Jiangsu province announced it would slash between CNY13.4 million (US$1.9 million) and CNY37.45 million (US$5.3 million) from its 2020 scientific research budget, according to a statement by university officials. “All funds for basic scientific research projects will be reduced to 75% of their original plans,” the statement said.

Jiangnan University, China’s Ministry of Finance and Ministry of Education have together pledged to lead a frugal lifestyle, and have also reduced budgets for ministries affiliated with colleges and universities.
Full report on the Global Times site