According to the recently issued "Evaluation Report of Scientific and Technological Development in Zhejiang Cities in 2007" by Zhejiang Provincial Statistics Department and Zhejiang Scientific and Technological Department, Ningbo has the lead in the scientific and technological progress. This is a second year Ningbo is listed No.1 in scientific and technological progress in Zhejiang. Today, Ningbo is listed No.2 in Zhejiang for comprehensive strength of science and technology.
According to the report, in 2007, Ningbo made outstanding achievement in financial investment in science, technology and education. In the year, the city appropriated 361 million yuan for scientific and technological development, increasing by 71.4%, covering 3.9% of the total financial expenditure. The budgetary funds for education amount to 5.679 billion yuan, increasing by 34.13%, covering 15.31% of the total financial expenditure. The expenditure for R&D amounts to 4.407 billion yuan, increased by 30.9%. The added value in Hi-tech industries amounts to 33.147 billion yuan, increasing by 51.9%.
