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Shenzhen voted Chinese mainland's most innovative city

(China Youth Daily)

16:24, October 31, 2011

Edited and translated by Li Zhenyu, People's Daily Online

Beijing, Oct. 31 (PD Online) -- Shenzhen was voted by Forbes China as the most innovative city in Chinese mainland.

Every year, Forbes China magazine issues a list of Chinese mainland's top 25 cities based on innovative ability. According to this year's list released on Monday, Shenzhen tops the rankings, followed by Suzhou and Shanghai.

Forbes China surveyed 129 cities with a municipal GDP of higher than 43.6 billion RMB in Chinese mainland in 2010 and took a variety of indicators into account, such as the number of newly applied patents and the ratio of sci-tech expenses to local fiscal expenditures, to produce the final Innovation Index.

In 2010, the value added in Shenzhen's high-tech industry was 305.9 billion RMB, increasing 17.1 percent. The total output value of the city's high-tech products was 1.02 trillion RMB, with that of the products with independent intellectual property taking up as high as 60.1 percent.

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