China's Leading High-Tech Zones to Join Forces

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Last updated at: (Beijing Time) Wednesday, September 11, 2002

China's Leading High-Tech Zones to Join Forces

China's two leading high-tech zones have announced their decision to cooperate in several areas to boost domestic high-tech industry.

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China's two leading high-tech zones have announced their decision to cooperate in several areas to boost domestic high-tech industry.

The announcement was signed recently by Pudong New District in Shanghai and Zhongguancun high-tech Development Zone in Beijing.

Zhongguancun, known as China's Silicon Valley, is currently theleader in national technological development, while Pudong New District is a booming powerhouse in Shanghai and even the Yangtze River Delta.

They will work together in areas like technology development, the industrialization of research results, intellectual exchanges and high-risk investment.

With over 68 colleges and 230 institutions, Zhongguancun boastsabundant intellectual resources and scientific research results, both badly needed in Pudong, said Wang Ande, vice director of Pudong New District.

Having attracted investment of 150 billion yuan (18.07 billion US dollars), Pudong may become a funding source for Zhongguancun, which lacks capital, Zhao Mulan of the Zhongguangcun Science Park said.

Both areas have set aims to become top-level scientific and industrial zones in the world. Their joined force will infuse energy to the country's technology industry, experts say.

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