China, Russia to set up hi-tech business zone - RUSSOFT
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China, Russia to set up hi-tech business zone

Jun 17, 2002
Harbin, 15 June: An agreement to set up a Russian-Chinese business incubator was signed today at the 13th Harbin Trade and Economic Fair, which is currently taking place in this central city of northeast China's Heilongjiang Province. The agreement was signed on behalf of the Russian side by the director of the Novosibirsk technology park, Academician of the Russian Academy of Sciences Yuriy Shokhin.

The Chinese side is showing a strong interest in the scientific and technical developments of the Novosibirsk scientific centre, Novosibirsk Region governor Viktor Tolokonskiy said in an interview for ITAR-TASS. Chinese companies will take part in developing the Novosibirsk technological park zone, in implementing projects on the basis of the scientific developments of Russian institutes, and in introducing modern technologies into production.

As a model of cooperation between the regions of the two countries, the Chinese side is proposing to use the successful experience of the first Russian-Chinese base for industrial assimilation of new and high technologies, which has already been set up in the city of Yantai, in eastern China's Shandong Province.

China, which has achieved much success in the production of traditional goods and in assimilating new markets, is nevertheless faced with the task of improving the living standards of the population, and in this regards, traditional production alone will not be enough, Tolokonskiy believes. Hi-tech products, high technology and the production of unique industrial products now form an extremely important area for both China and Russia, he noted.