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CHINA: State Council looks to upgrade high-tech zones

Trivium China


On Friday, the State Council released new guidelines for improving national high-tech industry development zones.

Some context: First rolled out in 1988, national high-tech zones offer tax and other incentives to companies in high-tech industries.

More context: There are currently nearly 170 national high-tech zones across China.

The goals of the new policy:

  • Foster a number of internationally competitive companies and industrial clusters by 2025.
  • Establish a large number of internationally influential high-tech zones whose industries are at the high end of global value chains by 2035.


    The new guidelines seek to bring technology and talent from the rest of the world to China.

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