Guizhou province is betting on scientific and technological innovation to achieve a leapfrog development of green economy through cooperating with Zhongguancun in Beijing, dubbed China's Silicon Valley, the province's governor said on Sunday.

"The strategic cooperation with Zhongguancun will serve as a new engine to boost another round of economic growth in our region, and bringing in high-tech industry is the best way to power our economy without damaging the local environment," Chen Miner said at the launch ceremony for an industrial park for Zhongguancun companies in Guiyang.

Contracts for more than 100 projects worth a combined 46.5 billion yuan ($7.59 billion) were signed during the event.