Pearl River Delta Becomes China’s New Technological Innovation Lab

From the article:

In keeping with its master plan, over the next three years about 100 state laboratories designated for engineering innovation and research and development (R&D) will be established. It is expected that by the year 2012 some three-to-five, high technology–powered industrial clusters will be established, generating an industrial output of more than 100 billion yuan (about 14.6 billion U.S. dollars). Generally speaking, hi-tech manufacturing is expected to generate at least 30 percent of the total industrial output of the region by the projected date of 2020.

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The government will also do its part to encourage innovative enterprise by reducing taxes on about 50 of the top competitive companies. By 2012, some 600 new patent applications per one million people are expected and priority will be given to those patents involving independent technological innovations.