China will build a new national 'innovation demonstration zone' in Sichuan, aiming to boost the IT and bio-pharmaceuticals industries and cooperation with Europe.
The zone, to be built in Sichuan’s capital Chengdu, will be the first such zone in West China.
The new zone will be part of China’s "Belt & Road" strategy focusing on communication and cooperation among Eurasian countries and attracting foreign investment.
To be part of the existing Chengdu Hi-tech Zone (CDHT), the new National Innovation Demonstration Zone will be supported directly by China's State Council, which hopes the demonstration zone will help CDHT achieve its target of reaching an overall output of 1.5 trillion yuan, by 2025.
CDHT is the third most important hi-tech zone in China in terms of its capability to create innovation, according to the statistics of China’s Ministry of Science & Technology, and houses the facilities of around 1,000 foreign companies, including those of Dell, Phillips and Siemens.
To increase cooperation with Europe and attract more companies and researchers, Chengdu recently launched a high-speed train service to Poland.