(8/2010) China's R&D View More Effective (Financial Well Being‪)‬

By Loyd E. Eskildson The Inside Story of China's High-Tech Industry by Vassar professor Yu Zhou focuses on the information telecommunications sector (ICT) within Beijing's Zhongguancun (ZGC) region known as China's 'Silicon Valley.' Yu Zhou contends that the combination of one of the world's largest technology markets, and China's export industry with multinational corporation (MNC) partners are the driving forces behind Chinese technology progress. She also argues that ZGC is not a product of the state, though the government has encouraged its growth through incentives and assistance with licensing, taxation, international trade, finance and investment, intellectual property rights, etc. (Firms that perform poorly are denied these benefits.) Professor Yu Zhou's ZGC expertise derives from having grown up in the area, graduated from nearby Peking University, and returning several times after attaining her PhD.