This year’s China-Singapore bilateral cooperation meeting opened in Chongqing on Oct 15. The two countries will build an international science and technology innovation cooperation demonstration zone in Guangzhou Science City.
A cooperation agreement on the plan was signed by the administrative committee of Sino-Singapore Guangzhou Knowledge City (SSGKC), Singapore's CapitaL and Group and Guangzhou Knowledge City Investment Group during the meeting.
Chinese Vice Premier Han Zheng (R) meets with Singaporean Deputy Prime Minister Heng Swee Keat during the China-Singapore Joint Council for Bilateral Cooperation Meeting in Chongqing on Oct 15. [Xinhua]
Located north of Knowledge Avenue, east of Jiulong Avenue and west of the Guangzhou-Dongguan-Shenzhen Intercity Railway in Knowledge City, the demonstration zone is positioned as a high-end international sci-tech innovation park and aims to promote cooperation in intellectual property rights, smart cities, financial services, digital economy, and personnel training.
It will grow into a landmark park of the integration of industrial and urban development as well as an innovation-driven economy shared by the two countries.
According the planning, the demonstration zone will bring in an investment of 50 billion yuan ($7.06 billion) in the next five to 10 years to develop a group of emerging industries, such as biomedicine and health care, intelligent manufacturing, the new generation of information technology, new materials and new energy.
Financial services, science and education, the digital and creative industries and a headquarters economy are also included in its industrial planning.
The demonstration zone will build facilities and services for sci-tech research and development, finance and commerce, culture and creativity, tourism and leisure and ecological residences, and develop itself into the core of the Jiulong Lake area, creating a model for the knowledge-driven economy.
Meanwhile, more high-quality resources such as intellectual property, education, scientific and technological research and development, and financial innovation will settle in the zone. It will also learn from Singapore’s advanced experience in offering a good business environment, accelerate the construction of smart cities, advance the progress of landmark projects for the headquarters and office building economies and build a digital economy demonstration zone.
Last November, a framework agreement signed by the Chinese and Singaporean governments was officially elevated to the status of a State-level bilateral project, speeding up development and construction projects in SSGKC.
According to official figures, 1,605 companies have registered with the zone, bringing an aggregate registered capital of 136 billion yuan.
Guangzhou CanSemi Technology Inc, a high-tech firm in SSGKC, holds an inauguration ceremony for its chip plant on Sept 20. It is the only 12-inch chip production line in Guangdong province and marks a milestone in Guangzhou’s semiconductor industry.
In addition to the GE Biotechnology Park and Beigene’s bio-pharmacy project, more than 30 leading enterprises in the sector of biomedicines, such as InnoCare, Thermo Fisher and Luye Pharma have settled there and make it a global magnet for high-end resources in the industry.