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Changchun: hi-tech fuels robust growth

Despite the severe economic crisis that swept the globe in 2008, the Changchun National Hi-tech Industry Area continued to generate a robust growth of 36.5 billion yuan in gross domestic product, an increase of nearly 20 percent over 2007.

Total 2008 fixed asset investment in the zone was also up sharply, to 22.6 billion yuan, a 35.3 percent increase over the previous year.

Changchun;high-tech

Burgeoning industrial facilities in the Changchun hi-tech area.

The dynamic economy has been driven by its business-friendly environment, strength in research and development and a cluster of cutting-edge local hi-tech companies.

Since its founding in 1991, the first national development area in northeast China's Jilin province has grown to include 11 State-level industrial parks and zones for sectors including automobiles, auto parts, biomedicine, software, optoelectronics, information technology, new materials and clean energy.

More than 2,000 companies have now established facilities in the area, including 160 in the auto and auto parts sectors and about 110 in biomedicine.

The number of software companies in the area now exceeds 300, accounting for more than 80 percent of the provincial total.

Highly trained human resources are one of key factors that have drawn the investors to the area, which has 14 universities, 39 research institutions, two national engineering research centers and 14 national post-doctorate workstations.

Collaboration with schools and institutions has laid a solid foundation for sustained growth, with nearly 870 of the area's technological research projects now commercialized and put into mass production.

Intermediaries in asset assessment, accounting, auditing, planning, intellectual property, venture capital, legal services, inspection, consultancy and certification play an important role in helping research projects leap from labs to industrialization.

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 Source : China Daily  Editor: Ivy
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