Shanghai Zhangjiang Hi-Technology Park was established in July 1992. It is situated in the Pudong New Area with a total area of 25 km². The park is made up of the following areas; the Technical Innovation Zone, the Hi-Tech Industry Zone, the Scientific Research and Education Zone, and the Residential Zone.
In August 1999, the Shanghai Municipal Committee and Municipal Government developed a strategy and accompanying report called “Focus on Zhangjiang”. The report identified that investments from the IC industry, the software industry and the bio-medicine industry would be targeted. They were seen as the industries which should have leading roles in innovation and that would drive future economic growth and higher employment in Zhangjiang Town and the Hi-tech park.
Read more about this topic: Zhangjiang Hi-Tech Park
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