Beijing's Zhongguancun Street gets facelift fund

Source: Xinhua | April 11, 2016, Monday |

Online Edition

Beijing plans to set up an 8-billion- yuan (about US$1.53 billion) fund for a facelift for Zhongguancun Street, a key thoroughfare in northwestern Beijing often called "China's Silicon Valley."

The government of Haidian District, where Zhongguancun is located, said it has established the Zhongguancun Street Operation and Management Company to pool the funds.

The company was set up by Zhongguancun Development Group, the State-owned Properties Investment and Management Co. Ltd. of Haidian District and Tusholdings.

The money will be used to renovate infrastructure, acquire property rights and invest along the 7.2-km Zhongguancun Street, according to a statement by the government.

The fund will help the high tech industry to upgrade and seek international development, the statement said.

Sources said low-end electronics shops will be rooted out to create a maximum of 100,000 square meters of space for international incubators to set up offices.

Nation

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Beijing's Zhongguancun Street gets facelift fund

Email this to your friend