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What is project 985?

Project 985 is a project that was first announced by CPC General secretary and Chinese President Jiang Zemin at the100th anniversary of Peking University on May 4, 1998 to promote the development and reputation of the Chinese higher education system by founding world-class universities in the 21st century and eponymous after the date ofthe announcement, May 1998, or 98/5, according to the Chinese date format. The project involves both national and local governments allocating large amounts of funding to certain universities in order to build new research centers,improve facilities, hold international conferences, attract world-renowned faculty and visiting scholars, and help Chinese faculty attend conferences abroad.