The technology trade in Beijing valued at 69.73 billion Yuan in 2006, makes up 38.4 percent of the nation's total trade value, has risen by 60.5 percent since 2005. Beijing is the largest technology trading center in China, according to an official of Beijing Technology Market Administration Office on May 29th.

Today, a contract is on average worth 1.3 million Yuan, compared to 240,000 Yuan in 1994, and 810,000 Yuan in 2002.

Only 755 of the total of 51,575 contracts were of mega-projects worth at least 10 million Yuan each. However, they generated nearly half of the trade volume.

Businesses have dominated the trade market. They make up 92.99 percent of the total value of trade. There are currently 6,146 individual and institutional suppliers. Buyers come from all over the country.

Foreign entities and individuals enjoy the same favorable conditions and income tax treatment as their local peers once their technology deals are registered at the local technology market administration. In Beijing, there are thirty-six registration offices. However, mega-project contracts are subject to the municipal office.

By People's Daily Online