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 Background |
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A market economy, albeit one with Chinese characteristics, is having a
deeper nationwide influence as the promise of reform and the opening
of China is further fulfilled. This has pushed knowledge-based
industries to be a match for the labor-based ones in which China is
already quite rich. HSP is the first place of its kind of national
standing approved by the Chinese Government. The government agencies
involved have formulated a series of favorable policies, putting in
huge amounts of capital. In June 1999, the Chinese government approved
the proposal to establish the Zhongguancun High-tech Zone on the basis
of HSP’s stunning success. The State Council issued a directive to the
effect that China’s development strategy calls for the accelerated
growth of Zhongguancun. Thus HSP has turned out to be a significant
experimental base for technological innovation, the paradigm for an
incubabator which transforms research findings into a productive
industrial park in the 21rst Century just as Shenzhen was in the 80’s
and Shanghai in the 90’s. China’s imminent entrance to the WTO is also
helping government and industry work together to boost science and
education, to upgrade industrial infrastructure and to increase
China’s international competitiveness. China’s intellectual resources
and technical personnel are relatively concentrated in the capitol
making Beijing the natural choice for the establishment of the HSP.
However it is by no means to be a development zone simply engaged in
high tech manufacturing and sales. It is also a high-tech urban center
set to lead the socio-economic development of China and even the
Pacific Rim well into the 21rst century.
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