China will established a joint technology park in Austria under a document signed Wednesday.

A visiting Chinese delegation signed a memorandum of understanding on the project with the Austrian government.

Chinese Vice-Minister of Science and Technology Ma Songde, who is heading the delegation, told a press conference after the signing of the document that the Chinese government has always attached importance to the development and industrialization of high technologies.

Ma said the establishment of the park will benefit both countries.

The project was first proposed by the Chinese Ministry of Science and Technology. It aims to build a platform for Chinese high-tech companies to enter the European and international markets.

Source: Xinhua