Shanghai's Caohejing Hi-Tech Park is an economic and technological development, industrial development, and import-export processing zone approved by the State Council, with a planned area of 14.28 square kilometers and more than 3,000 hi-tech enterprises, at least 800 of them foreign-funded.
The zone also has 131 hi-tech enterprises founded by Fortune Global 500 companies and had sales of 285.2 billion yuan, in 2014, and industrial output value of 78.5 billion yuan, and imports and exports worth $12 billion in all. It leads China's other development zones in economic benefit per unit area and was approved as a national service outsourcing demonstration base, national new industrialization demonstration base, national biological industries demonstration zone, and national intellectual property services pilot zone.
The park has kept on improving its investment environment and supporting facilities in its 30 years and has developed an industrial layout with electronic information as the pillar, while focusing on new materials, top equipment, and new energy.
In recent years, the park has established six smaller parks in Shanghai, and two more in the Yangtze River Delta, one in Haining, Zhejiang province the other in Yancheng, Jiangsu province.