Hi-tech industrial park in Shanghai attracts increasing investment

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Last updated at: (Beijing Time) Sunday, May 18, 2003

Hi-tech industrial park in Shanghai attracts increasing investment

The Zhangjiang Hi-Tech Park in the Pudong New District of Shanghai has attracted eight billion US dollars of investment in the past three years.

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The Zhangjiang Hi-Tech Park in the Pudong New District of Shanghai has attracted eight billion US dollars of investment in the past three years.

Of the total, 6.6 billion US dollars came from abroad, said the administration of the industrial park Wednesday.

The output value of the park has totaled 15.4 billion yuan in the past three years and it has paid 1.6 billion yuan in tax.

The industrial park is home to 96 integrated circuit enterprises with a total investment of six billion US dollars, claimed to be the largest in the country.

More than 1,000 software companies have been located in the software park in Zhangjiang, including Microsoft, India-based Satyam Computer Services, Japan-based Sony and domestic computer giant Legend.

The industrial park expected its software sector to produce 13 billion yuan of output value and 400 million US dollars of export volume by 2005.

The park has also attracted about 10 national medical and biological institutes and several of the world's top 20 pharmaceutical companies such as Switzerland-based Roche and Germany-based Boehringer Ingelheim.

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