Xinhua: “The construction of a 100-billion yuan (16 billion U.S. dollars) high-tech zone was jointly launched Tuesday in southwest China’s Sichuan province by the provincial government and a Singapore company.
The Singapore-Sichuan High-tech Innovation Park, planned to cover 10.34 square kilometers and house 120,000 residents in Gaoxin district and Tianfu district in Chengdu, capital of Sichuan, is expected to attract an investment of 100 billion yuan from 2012 to 2020. Under the guidance of Sichuan government authorities, the project will be operated by the Singapore-Sichuan company Sino-Singapore Chengdu High-Tech Innovation Park Development Company Ltd., with a registered capital of 297 million U.S. dollars, jointly invested by Singapore state-owned company Temasek Holdings and Chengdu High-tech Investment Group, said Tang Hua, deputy director of the development administration of Gaoxin district. …
The park will mainly focus on eight industries including information technology, service outsourcing, digital media, biomedicine, environmental protection, precision machinery, finance and training, Tang said.The park is expected to have 120,000 to 150,000 employees as a new platform for China, Singapore and other countries to invest in western China, said Lim Swee Say, minister of Prime Ministers Office, advisor of Singapore-Sichuan Trade and Investment Committee, secretary-general of Singapore National Trade Union Congress.”
via China, Singapore to build 100 bln yuan high-tech zone – Xinhua | English.news.cn.
Yet another sign of China’s determination to reduce reliance on foreign hi-tech.
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