BEIJING, Aug. 4 (Xinhua) -- Zhongguancun National Demonstration Zone, known as China's Silicon Valley, saw the revenue from its high-tech enterprises above the designated size up 5.9 percent year on year to 2.9 trillion yuan in the first half of this year.
Taking advantage of business opportunities amid the COVID-19 epidemic, Zhongguancun has accelerated the promotion and application of new technologies and products such as e-commerce, online office, online education and unmanned distribution, thus injecting impetus to economic growth.
From January to June, enterprises in Zhongguancun kept increasing R&D investment. During the period, the research expenditure of high-tech enterprises above the designated size in the sci-tech park reached 126.89 billion yuan, up 16.8 percent year on year.
In its next step, Zhongguancun will build a number of open laboratories and industrial collaborative innovation platforms, seize opportunities arising from industrial upgrading, and cultivate platform enterprises and unicorn enterprises in areas of 5G, artificial intelligence, industrial Internet, so as to further promote new economies, according to an official with administrative committee of Zhongguancun.
Zhongguancun, established in 1988 and located in northwestern Beijing with clusters of universities and research institutes, was the first national high-tech industrial development zone. (Edited by Su Dan with Xinhua Silk Road, silviasu07@163.com)
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