Shenzhen plans its own "Silicon Valley"

Authorities in Shenzhen are planning to create a "Silicon Valley" in the city, Southern Metropolis Daily reported. The new technological area will be created at the Xili and Taoyuan communities in Nanshan District.

The technology hub is modeled on Silicon Valley in the United States and Zhongguancun in Beijing. This would take the lead in building Shenzhen into an innovative city by enabling the conduction of research and the incubation of high-tech companies. Schools campuses, high-tech companies, research institutes and housing estates would co-exist side by side in the technology hub.

The idea of creating a "Silicon Valley" in Shenzhen was first put forward by Sun Yong, a member of the Shenzhen Municipal Committee of the Chinese People's Political Consultative Conference earlier this year.

The preliminary plan for creating Shenzhen's "Silicon Valley" had been finished and was awaiting official approval, according to officials with the technology information bureau.

The 82-square-kilometer technology park would be relatively small compared to Silicon Valley in the United States, which is spead on a 700 square kilometers area.