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High-tech ambitions boost Hangzhou's future hopes

HANGZHOU is no longer satisfied at being the world's factory, but now aims at being the "world's high-tech office."

The Singapore-Hangzhou Science and Technology Park was officially opened in Xiasha Economic and Technology Development Zone. Singaporean Prime Minister Lee Hsien Loong and Hangzhou Mayor Cai Qi attended the opening ceremony on June 5.

The Singapore-Hangzhou Science and Technology Park is a key strategic collaboration under the auspices of the Singapore-Zhejiang Economic and Trade Council.

Facilitated by the Hangzhou government and International Enterprise Singapore, organizations and companies came together and collaborated in the development and management of the park, including the Hangzhou Economic and Technology Development Zone Administration Committee, the Hangzhou Hangxin Investment Management and the Ascendas.

The park covers 42.9 hectares, and a large proportion of the space will be set aside for software development, industrial design, biomedical sciences, research and development, business incubation and consultancy services.

"The per capita GDP of Hangzhou is currently more than US$10,000. The industry structure of the city is heading to the service economy. The park is very important to the development of Hangzhou as an international service industry center," said Cai Qi, the mayor of Hangzhou, at the opening.

To create a work environment that promotes innovation and creativity among hi-tech businesses, the park will introduce advanced planning, design and management concepts.

As well as office space, people can expect to find commercial, entertainment, conference and exhibition facilities close by.

The Xiasha Economic and Technology Development Zone is a national-level development area approved by the State Council in April 1993, covering 104.7 square kilometers.

It is also next to Xiasha's Higher Education Park, the largest of that kind in Zhejiang Province.

"With 15 universities and 200,000 teachers and students, the Higher Education Park provides a good source of human talent which is essential for the development of high and new-tech industries in the park. That's also why we finally decided to settle this project here," says Zheng Yongji, CEO of Ascendas China, the selected partner of the project.




 

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