Zhongguangcun Science Park Receives Special Fund

The Beijing municipal government has decided to allocate 1.5 billion yuan (US$18.07 million) in a special fund for construction of the Zhongguangcun Science Park, China's Silicon Valley, in the next three years.กก

Of the 1.5 billion yuan, one billion yuan will be at the disposal of the managerial departments at the district and county level that are in charge of the Haidian Science Park, Changping Park, Fengtai Park, Yizhuang Park and Electronic City. The money will be used to improve infrastructure and aid small and medium-sized enterprises in making technical innovations.

The managerial departments at the municipal level will spend 500 million yuan on technical innovations in the Haidian Science Park, the leading science park in Beijing.






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