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Shenzhen Eyes Potential of High-Tech Cooperation with HK
The government of Shenzhen City attaches great importance to cooperation with Hong Kong in high-tech development, which is of abundant resources and great potential between both sides.
Li Decheng, executive vice-mayor of Shenzhen, said Monday in Hong Kong that the Shenzhen city government is fully aware of the priority of Hong Kong in the market capitalization and information technology infrastructure, while Shenzhen has its advantage of manufacturing and research.
The coordination between Shenzhen and Hong Kong will surely boost the industrialization of high-tech for both sides, noted Li at a press conference of "Achievement of Opening and Reform of Shenzhen and the Second China Hi-Tech Fair" held Monday in Hong Kong.
Li said the output value of high-tech products of Shenzhen in 1999 totaled 81.9 billion yuan (9.8 billion U.S. dollars), accounting for 40.5 percent of local gross industrial output and the high-tech industry has become the primary growth point for the local economy.
He pointed out that Hong Kong has been the biggest investor and the most important gateway of imports and exports for Shenzhen, since the establishment of the Shenzhen Special Economic Zone two decades ago.
The high-tech development in Shenzhen will surely benefit from the institutions of venture capital investment and scientific research in Hong Kong, he added.
He said top universities of both the Chinese mainland and Hong Kong, such as Beijing University, Qinghua University and the Hong Kong University of Science and Technology, have all made Shenzhen a base for the high-tech research and production.
Under the "one country, two systems" principle, the cooperation between Shenzhen and Hong Kong is now improving at deeper level and in broader fields, he said.
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