A local government official has said that enterprises in Beijing’s Haidian District, cradle of ‘China’s Silicon Valley’, are still performing well amid the financial crisis.
Liang Jie, director of the Haidian Investment Promotion Bureau, at the Symposium for Bilateral Investment Promotion Mechanisms held in Beijing , said, ‘The impact of the crisis on enterprises here has still lagged so far.’
The park’s economic aggregate ranks No 1 among the 53 State-level hi-tech development zones.
The Zhongguancun Science Park has witnessed an annual growth of 30% since it was founded in 1998.
Liang Jie said the district planned to invest RMB800 million ($117.04 million) in scientific research in 2009 and set up loan companies to help small- and medium-sized enterprises combat the economic downturn.
Source: China Daily