Beijing's Exchange Center for High-tech Findings Opens
An exchange center the handle property rights of high-tech discoveries opened Saturday in the Chinese capital of Beijing.
Beijing Mayor Liu Qi attended the opening ceremony, saying that the Zhongguancun High-Tech Exchange Center will play an important role in promoting the commercialization of scientific and technological results and attracting more domestic and overseas investment to the city's high-tech industry.
Zhongguancun, known as China's "Silicon Valley," is in northwest Beijing. It is home to nearly 5,000 private high-tech businesses and dozens of academies and research institutes.
As China's capital, Beijing has nearly 70 colleges and universities. Each year, the city's expenditure on scientific and technological research comes to 17.46 billion yuan (US$2.1 billion), accounting for 15.7 percent of China's total.
