Published News » Innovation

A NEW batch of subsidized apartments in Zhangjiang High-Tech Park in Pudong, often referred to as Shanghai's Silicon Valley, were released yesterday as part of the city's effort to attract talented professionals.

Just 1,000 yuan (US7.5) a month on average rents an apartment with toilet, kitchen and basic furniture.
Eager to shake off China's dodgy image as a low-cost producer of copy-cat knockoffs and cheap toys, as well as sustain economic momentum, local manufacturers and political leaders in China have a new buzz word: innovation.
SHANGHAI International Group is to set up a venture capital firm to offer finance to small and medium enterprises as part of the city's strategy to support the underfinanced sector.

The investment arm of the Shanghai city government will invest 1 billion yuan (US6 million), including 500 million yuan of city government revenue, in the new firm, the Shanghai Financial Services Office said yeste
China has over 150 business start-up incubators for Chinese students who have studied abroad, according to a statement issued at a national working conference on services for returning Chinese students Monday.
Expert: 'Major revolution is imminent' in data handling and computing systems

State-owned enterprises (SOEs) will need to make sweeping improvements in their information technology (IT) over the next five years to meet rising global business demands, said a high-tech expert with the central government administration that governs SOEs.
VENTURE capital investment in China jumped nearly 59 percent in July despite falling proceeds from new listings because of accounting anomolies.

A total of US5 million was invested in 36 announced VC projects last month, a rise of 58.8 percent from US3 million in June, financial analysis firm China Venture said in a report yesterday.

SEVERAL top high-technology firms, including Qualcomm Inc, Texas Instruments and TCL Corp, agreed yesterday to set up facilities in a software industrial park in Pudong New Area to improve Shanghai's innovation level.
A pilot program will include the establishment of a cloud computing center in Shanghai's Jinshan district to ensure food traceability, Li Bin, director of the Ministry of Industry and Information Technology's (MIIT) information center, told China Daily.

This means tracing food or ingredients across the partially or entirely reconstructed supply chain, so that recalls can be issued when quality

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