Zhongguancun Software Park

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The Chinese Academy of Sciences, as well as a dozen famous colleges and universities, including Beijing and Qinghua Universities are located in Zhongguancun in Beijing's Haidian District. The area has a dynamic economy that focuses on the knowledge and information industries. The average age of the several hundred thousands of employees in Zhongguancun is about 30; and the area of Zhongguancun is popularly known as the Silicon Valley of China.
Since 1978, when China started to implement the policies of reform and opening-up, various special economic zones were established, such as the city of Shenzhen in Guangdong Province in the 1980s, the new district of Pudong in the Shanghai Municipality in the 1990s, and Zhongguancun in Beijing in the late 1990's. It has been forecasted that Zhongguancun will become the leader of China's hi-tech industry in the 21st century. Similar to Silicon Valley in the United States, Zhongguancun is a product of the development of the market economy. The increasing use of computer and network technologies has accelerated the economic development of Zhongguancun.
In order to accelerate its development, the densely populated Zhongguancun Garden designed a new development pattern and established five subsidiary scientific and technological gardens. The Haidian Park, where the Zhongguancun Electronics Street is located, is responsible for the research and development of hi-tech products. It has set up the 1.8-square-kilometer Shangdi Information Industry Base and the 4-square-kilometer Yongfeng Experiment Base. The other four subsidiaries are the Fengtai Park, the Changping Park, the Yizhuang Scientific and Technological Park in the southern suburb, and the Electronics Park in the northeastern suburb. The Zhongguancun Park has become an important part of Beijing's economic development.