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| China's Silicon Valley |
Zhongguancun may be
hailed as China's most famous village by foreigners. Dubbed as "China's
Silicon Valley", the country's biggest high-tech park in west Beijing is
not only home to Chinese high-tech companies such as Lenovo, Baidu and
Sohu.com, it is also the China headquarters of world-renowned technology
companies such as Google, Microsoft and Intel.
hailed as China's most famous village by foreigners. Dubbed as "China's
Silicon Valley", the country's biggest high-tech park in west Beijing is
not only home to Chinese high-tech companies such as Lenovo, Baidu and
Sohu.com, it is also the China headquarters of world-renowned technology
companies such as Google, Microsoft and Intel.
As part of China's efforts to build an
innovative economy, the State Council, China's Cabinet, recently
approved a development plan called the Zhongguancun National Innovation
Demonstration Zone (2011-2020) that allows companies in the area to try
out new measures and pilot projects.
innovative economy, the State Council, China's Cabinet, recently
approved a development plan called the Zhongguancun National Innovation
Demonstration Zone (2011-2020) that allows companies in the area to try
out new measures and pilot projects.
The plan, which includes a drive to
boost the total revenues of companies in Zhongguancun to 10 trillion
yuan ($1.8 trillion) in 2020 from 1.55 trillion yuan last year, is
designed to help the area become one of the world's most famous
technology hubs. The predicted income increase will come from increased
sales on the back of tax incentives for companies moving there and
research and development subsidies.
boost the total revenues of companies in Zhongguancun to 10 trillion
yuan ($1.8 trillion) in 2020 from 1.55 trillion yuan last year, is
designed to help the area become one of the world's most famous
technology hubs. The predicted income increase will come from increased
sales on the back of tax incentives for companies moving there and
research and development subsidies.
"Zhongguancun has entered a new phase of
development," said Yang Jianhua, deputy director of the administrative
committee of Zhongguancun Science Park. "I think in the next 20 years
Zhongguancun will have the three top technology industry clusters in the
world and will form a grouping of the world's top technology
entrepreneurs."
development," said Yang Jianhua, deputy director of the administrative
committee of Zhongguancun Science Park. "I think in the next 20 years
Zhongguancun will have the three top technology industry clusters in the
world and will form a grouping of the world's top technology
entrepreneurs."
Zhongguancun's history can be traced
back to a crowded electronic avenue in the 1980s. Close to China's top
universities and national academies, China's biggest technology hub
first emerged as a small market for electronic components and devices
for technicians and researchers.
back to a crowded electronic avenue in the 1980s. Close to China's top
universities and national academies, China's biggest technology hub
first emerged as a small market for electronic components and devices
for technicians and researchers.
In October 1980, Chen Chunxian, a
researcher at the Chinese Academy of Sciences, founded a technological
development service department under the Beijing Society of Plasma
Physics in Zhongguancun, making it the first civilian-run scientific and
technological institution in the area.
researcher at the Chinese Academy of Sciences, founded a technological
development service department under the Beijing Society of Plasma
Physics in Zhongguancun, making it the first civilian-run scientific and
technological institution in the area.
Syndicated from: ASIAN DEFENCE NEWS