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Science park spearheading capital's high-tech innovation

By Fan Feifei | China Daily | Updated: 2016-05-24 07:13

Zhongguancun Science Park is a multibillion dollar affair that is spearheading Beijing's technological innovation and contributing to Beijing-Tianjin-Hebei's coordinated development.

Established in 1988, it is the first national innovation demonstration zone. The park hosts more than 9,300 national-level high-tech enterprises, whose total revenue last year reached 4.08 trillion yuan ($623 billion), a 13.2 percent increase year-on-year, about 2.6 times than the figure in 2010.

Its contribution rate to the capital's economic growth has increased from 17.9 percent in 2010 to 36.8 percent in 2015.

Science park spearheading capital's high-tech innovation

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