Zhangjiang Core Park
The park was built in 1992 as a main part of Shanghai's Zhangjiang National Innovation Demonstration Zone and a key State-level development park on 79.7 square kilometers of land in four sections – the core area, Kangqiao Industrial Zone, International Medical Zone, and Zhoupu Prosperous Industrial Zone -- for innovation and promoting industrial cluster development, attracting talent, and providing a favorable investment environment.
It also supports national projects and did 545-billion yuan ($82.8 billion) worth of business, in 2014, or 159-times the 1999 amount, and accounting for 15 percent of all of shanghai’s high-tech zone income. It holds 685 companies, whose high-tech production value is 162.9 billion yuan and annual revenues for 2015 estimated at 600 billion yuan, for an 11-percent year-on-year increase.
It holds dozens of key national research institutes, including the Shanghai Synchrotron Radiation Falicity, China Protein Center, Peking University Micro-Electronics Research Institute, Commercial Aircraft R&D Institute, of Chinese Academy of Sciences'Shanghai Materia Medica Institute, Shanghai University of Science and Technology, and shares R&D innovation resources with transnational companies such as IBM, SAP, Roche, Novartis and GE.
The park's industry covers information technology, bio-medicines, cultural innovation and environmental protection, with the tertiary industries accounting for more than two-thirds. In 2014, its revenue from bio-engineering and pharmaceuticals reached 41.6 billion yuan and reflected good progress in new medicine R&D, and accounting for one out of every three new medicines in China. Its integrated circuit business forms a complete chain, with design, production, testing, packaging, and material and a leader nationwide.
The park attracts talented personnel from China and overseas and employs 350,000 people, 5,559 of them with PhDs, 39,406 with master's degrees, and 104,867 with a bachelor’s degree. It also has 20 members of the Chinese Academy of Sciences and Chinese Academy of Engineering, as well as 5,100 people who have come back to China after studying abroad, as well as 3,200 foreigners.