Chinese cities turn to innovation as engine for development – High-Tech

CGTN | 27-May-2020 | Chinese High Tech GDP Contribution

High-tech contributed to 23 percent of the city’s GDP in 2018. In the past year, more than 200,000 patent applications were submitted, a 7.1-percent increase from 2018. But patent applications and GDP only tell one part of the story. Just like Beijing is using its vast academic resources as the foundation for innovation, other cities are leveraging their existing advantages. Continue reading “Chinese cities turn to innovation as engine for development – High-Tech”

Chinese cities turn to innovation as engine for development – WeChat

CGTN | 27-May-2020 | Tencent WeChat

Tencent, one of the world’s largest digital tech companies, created WeChat, which boasts 1.1 billion monthly active users. The added value of a new generation of the information technology industry in Shenzhen was 477 billion yuan in 2018, accounting for 20 percent of the city’s GDP. Continue reading “Chinese cities turn to innovation as engine for development – WeChat”