China

China's high-tech zones account for 13% of GDP: report

Shine
30/08/2022 15:45
Visualizações: 6662

China's 169 state-level high-technology parks generated nearly 13.6 trillion yuan (US$198 billion) of GDP in 2020 – a year-on-year increase of about 11.5 percent – which contributed more than 13 percent of the country's total gross domestic product, according to a report unveiled during the ongoing 15th Pujiang Innovation Forum.

The report, assessing the innovation capability of domestic high-technology parks, was compiled by the Torch High Technology Industry Development Center under the Ministry of Science and Technology, and the Institute of Science and Development under the Chinese Academy of Sciences.

China's national high-tech parks are showing stronger innovation capability year by year with their innovation index rising 27.2 points to 371.2 points in 2020, the report revealed. To be specific, they have shown outstanding performance in attracting investments and talent.

In 2020, the industrial investment fund in 169 state-level high-tech parks reached more than 2.3 trillion yuan, up 34.4 percent from 2019, with venture capital investment posting a year-on-year increase of 85.3 percent to about 188 billion yuan, a scale almost equivalent to that of Silicon Valley in California, the United States.

Besides, despite the COVID-19 pandemic outbreaks, there has not been a massive brain drain. Instead, overseas students and expats accounted for nearly 1.18 percent of all staff, edging up 0.06 percent year on year.

This demonstrates the strong resilience of the domestic innovation industry in the face of COVID-19. In fact, the pandemic has driven some of the emerging industries, such as biomedicine, artificial intelligence and new materials, to thrive, the report shows.

Most Read Today
See Also
People
Julia Cruz Appointed as New Secretary of Green Economy, ...
03/07/25
Sustainability
ABB among TIME’s World’s Most Sustainable Companies
03/07/25
Biofuels
Brazil Can Lead the Decarbonization of International Tra...
03/07/25
Pre-Salt
Oil States signs contracts to supply rigid jumpers for S...
03/07/25
Electric Energy
SMEs: Seven Tips for Joining the Free Energy Market
03/07/25
Energy Transition
CCEE Highlights Leadership in Energy Transition at EVEX ...
03/07/25
Award
WPC Energy Announces Vicki Hollub as Recipient of the Pr...
01/07/25
ANP
Final Results of the PRH-ANP 2025 Announced
01/07/25
Wind Energy
New Provisional Measure Will Not Be Enough to Counter Ha...
30/06/25
International
Oil discovery in the Johan Castberg area in the Barents Sea
30/06/25
Fuels
Gasoline Drops Just 0.78% in June Despite Petrobras' 5.6...
30/06/25
Event
Brazil Advances Energy Transition with E30 and B15, Rein...
30/06/25
People
Patricia Pradal Appointed as New President of Chevron So...
30/06/25
Results
ANP Releases Consolidated Data for the Regulated Sector ...
30/06/25
Ethanol
Ethanol Prices Rise in the Last Week of June
30/06/25
People
Fulkrum appoints Louisa Poole as Chief Financial Officer
26/06/25
International Company News
Johan Castberg producing at full capacity
25/06/25
Decarbonization
EPE to Launch Analysis on Decarbonization of Brazilian E...
13/06/25
FIRJAN
At the Launch of the Rio Oil Yearbook, Business Leaders ...
13/06/25
Permanent Offer
ANP to Hold 5th Cycle of the Permanent Concession Offer ...
13/06/25
Award
Unique Group Celebrates Prestigious Wins at 2025 cHeRrie...
13/06/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.