China’s Silicon Valley

Companies like Microsoft, Nokia and IBM started operating there over 6 years ago. Others are moving in. The so called Z-Park is the center of the technological development in China, and BusinessWeek recently published an article about it.

“P&G’s strategy conforms nicely with Chinese President Hu Jintao’s plan, announced in 2006, to turn China into an “innovation-oriented” country by 2021. And Z-Park, China’s homegrown Silicon Valley, is the jewel in his innovation crown. The biggest and oldest of the 53 national high-tech zones in China, Z-Park has become an important port of call for global corporations looking both to develop R&D for all sectors and to get a foothold in the Chinese market. For China watchers, it also serves as a window into how the evolving giant interacts with global market and social forces—and how it is turning to private resources to build its vaunted innovation economy.”

You can read the full article here.