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Beijing to Inject Annually 1.5 Bn Yuan for Zhongguancun Construction
Beijing municipal government has, within a timeframe of 2000 to 2002, set up a special fund for the construction and development of Zhongguancun Science Park with 1.5 billion yuan to be poured into the project every year.
According to reports, the fund will be mainly used for infrastructure construction, high-tech development and environmental improvement.
For the better use of the fund, measures on Zhongguancun Special Fund Management has been promulgated by the municipal government with two thirds of it being governed by the five hi-tech parks of Haidian, Fengtai, Changping, Yizhuang and the Electronic City and another one third in the hands of the management committee of Zhongguancun Science Park.
By PD Online staff member Li Yan
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