In Zhongguancun, the first Self-dependent Innovation Demonstration Area in China, scientific and technological innovation is rapidly driving up income growth. In the first four months of this year, the total income of its enterprises above a designated size was over 1.1 trillion yuan, with year-on-year growth of 15.6 percent. Income from technology and the high-tech service industry and the number of patents granted have all realized an increase of more than 30 percent.
The total income of Zhongguanxun District in the four month period grew steadily, and for enterprises above a designated size reached 1.11798 trillion yuan with year-on-year growth of 15.6 percent, which is higher than the same period last year by 2.8 percent, and 0.2 percent more than the rate of the first quarter.
In the four month period the technology income of Zhongguancun District was 155.19 billion yuan, increasing by 15 percent compared with the same period last year. The rate of contribution to the total revenue was 24.9 percent. One of the first intellectual property service industry agglomeration development Demonstration Districts, Zhongguancun applied for 17,986 patents in the first four months, an increase over last year’s period of 16.2 percent; the 5,374 patents granted represent a 48.2 percent increase.
Zhongguancun’s modern service industry realized revenue of 715.37 billion yuan, an increase of 20.8 percent and a higher growth rate, at 15.1 percent, than that of the same period last year. In that industry, income from scientific research and technical service rose by 42.5 percent, and from software information service by 24.8 percent, which shows the forward-driving impact of scientific innovation.
Beijing Zhongguancun, called the 'Chinese Silicon Valley', is a district where high-tech innovation resources in China converge. After a development of more than 20 years, Zhongguancun has become an innovation park occupying 488 square kilometers and covering 16 districts in Beijing. Lenovo, JD, MI, and BOE were all established in this magical park. The average yearly growth rate of the park’s income amounted to 20 percent during the 12th Five-Year-Plan period, and last year its revenue exceeded 4 trillion yuan.
