Introduction

Abstract

Science and technology is the engine to human modernization, and is also the major solution to the economic crisis. The global financial crisis caused by the subprime credit crisis of the USA undermines the economic entity. This may give rise to the possibility of a global economic crisis and lead to a great change for world economic structure. History tells us that any global economic crisis always expedites great S&T innovation and breakthroughs. And that employing S&T innovation to boost economy and upgrading the development mode is the fundamental way-out of the economic crisis. For instance, the two major technology revolutions, electric revolution and electronic revolution broke out following the global economic crises in 1857 and 1929 respectively. The current financial crisis will speed up the progress of science and innovation, and may eventually lead to a new revolution in science and technology within the next 10–20 years. This is a huge challenge for us, but, at the same time, a great opportunity for the rejuvenation of the Chinese nation.