text: Risk and venture capital/credit for SandT activities : While China's SandT expenditures are allocated from the national budget according to plan, banks do provide low-Interest loans for developing certain new technologies and new products on a case-by-case basis. Yet, there are no Institutions which Provide risk or venture capital/credit as In other countries. Problems In financing science and technology For most developing countries, China Included. lack of finan­ cial resources for Rand D Is a common problems. The Chinese government has decided to gradually Increase Its Rand 0 expendl­ t~res. Incomplete statistics shows that national Rand 0 expen­ ditures In 1963 has Increased as much as 19 percent, amounting to 7.400 mill Jon yuan. What Is crucial, howe~~r, Is not just magni­ tude of the amount, but more Importantly. how efficiently It Is used. This Involves reforms In lnstltulonal arrangements for S and T and Improvement of S and T cost-benefit performance, which are currently being undertaken In China. 45 SCIENTIFIC AND TECHNOLOGICAL INFORMATION National seJentJflc and technological. lnforatatlon syst• : At the national level. the Institute of Scientific and Tech• nlcal Information of China functions as an Information col lec­ tlon, retrlval and research center. It accumulates Information from both within and outside China, processes and publhih.es It as well as provides other Information services. It also organizes, coordinates and gives guidance to Information related act~vltles on a nation-wide basis. SandT Information In China takes the following formats: (1) research reports; (2) conference proceedings; <3> publications and periodicals; ·(4} samples or sample books; (.5} standardization documents; (6) patent literature; , (7-) registration pf research results; (8) audio-visual literature.·· The source of Information Includes extensive subscription to S and T journals ·and publications, exchange or Information with various organizations, both at home and abroad. The Institute of 
analysis: The text appears to be focused on the financing and management of scientific and technological activities in China, including the allocation of funds, institutional arrangements, and the dissemination of information. It highlights the challenges of financing R&D in developing countries and the need for efficient use of resources. The text also describes the structure and functions of the Institute of Scientific and Technological Information of China, which suggests a strong emphasis on science and technology.