Zhongguancun to build science and technological city in Tianjin

With the support of the Beijing municipal government, the Tianjin municipal government and Zhongguancun Development Group, Zhongguancun will integrate the resources of Beijing, Tianjin, Zhongguancun and Baodi district to build a science and technology park with an area of 14,500 square meters. The park will be located in the Beijing-Tianjin-Hebei Coordinated Development Plan.

In the next 30 years the science and technology park will attract investment of over 100 billion yuan ($15.83 billion), 58,000 residents and 117,000 employees, helping it qualify as an innovative base.