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May 25, 2019

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Special zones reshaping the business landscape

Under the 13th Five-Year (2016-2020) Plan, Shijiazhuang, Baoding, Tangshan, Yanjiao and Chengde high-tech zones have become pillars for scientific and technological innovation and economic and social development, playing leading roles in the implementation of the innovation-driven development strategy.

The five zones are home to 4,000 small and medium-sized enterprises and 730 technology companies.

By the end of next year, Hebei will have built five innovation centers, 20 demonstration zones and 100 platforms, accomplished the transformation of 1,000 major research achievements, of which 10 percent will be from Beijing and Tianjin.

Additionally, Hebei has more than 150 incubators which have cultivated more than 2,500 enterprises, including 83 listed companies.

Around 400 centers for entrepreneurship and innovation take care of 12,000 startups.

Hebei is expected to have 1,800 more technology companies and 10,000 more small and medium-sized enterprises this year in line with the government work report, and the total number of innovation platforms above the provincial level will exceed 1,670.

The province will also have 110 new incubators and centers for entrepreneurship and innovation above the provincial level during the year.


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