BEIJING, March 20 (Xinhua) -- The State Council has
reached a decision to back the building of a national independent innovation
demonstration zone in the Zhongguancun Science Park (Z-Park) in Beijing, said
Minister of Science and Technology Wan Gang here Friday.
Some Chinese people like to call the Z-Park "China's
A series of policies will be adopted to support
construction of the zone, the first national level independent innovation
demonstration zone in China, according to the decision of the State Council,
revealed at a meeting of the Beijing Municipal Government.
Wan said the move aims to boost innovation of the
Z-Park to a higher level to make it a scientific and technological innovation
center with worldwide influence.
Preferential policies include stock option
incentives, financial support and access to major national technology projects,
according to a State Council document.
Z-Park, which began as the "Electronics Street" in
the early 1980s, was officially established as the first national science park
in 1988. There are nearly 20,000 high-tech enterprises in the