Shanghai hi-tech zone unveils enterprise park in Boston to promote China-U.S. technological innovation

The Zhangjiang Hi-Tech Industrial Development Zone (ZHIDZ), located in eastern China's Shanghai city, unveiled an enterprise park in Boston on Friday to promote China-U.S. technological innovation.

The Zhangjiang-Boston Enterprise Park is a new model of China-U.S. technological cooperation under the collaboration between the administrative committee of the ZHIDZ and the U.S.-China Partnership Committee, a U.S. organization working to develop investment partnerships with China.

The park, to be operated and managed by a China-U.S. joint venture, will gather innovative resources from universities, enterprises and institutes in both countries and integrate research and development incubation, industry, services, trade and finance.

Six innovation centers covering life science and biomedical technology, health care, artificial intelligence, semiconductor and integrated circuitry, new energy and environmental projects, and network information technology will be built in the park.

The park will also serve as an international platform for entrepreneurship that not only streamlines Chinese companies' investment in the United States, but also facilitates entry of U.S. products and technologies into the Chinese market.

When addressing the opening ceremony of the park at the Massachusetts State House in Boston, Wang Zhigang, China's vice minister of science and technology, expressed his belief that the park will bring "tremendous benefits" to the two cities, the two countries, and technological advancements and innovation in the world.

Echoing Wang's view, Charlie Baker, governor of Massachusetts, said that the park will not only create more jobs in and boost the economy of his state, but also provide good opportunities for companies in Massachusetts and China to seek new cooperation in research and development, new products and innovation.

Zhang Qiyue, Chinese consul general in New York, told Xinhua after the ceremony that the park could have demonstration effects as China has established high-tech parks at home over the years, and that more and more Chinese companies will have the opportunity and capacity to go global. Endi