Boston welcomes Chinese enterprise park

Updated: 2016-02-29 04:41

By HEZI JIANG in Boston(China Daily USA)

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Boston welcomes Chinese enterprise park

Wang Zhigang at the ceremony. HEZI JIANG/China Daily

A Chinese-funded enterprise park has found a home in Boston.

Representatives from the US and China gathered at the Massachusetts State House on Feb 26 to celebrate the launch of the Shanghai Zhangjiang Boston Enterprise Park.

Initiated by the administrative committee of Zhangjiang Hi-Tech Industrial Development Zone, China's leading innovation hub in Shanghai, the new Boston park covers more than 73,000 square meters (785,000 square feet), with 12,000 square meters of office buildings.

The new park is expected to foster innovation between the two countries by offering platforms to train and exchange talent, work on joint projects, trade scientific and technological achievements, and incubate new industries and companies.

"By connecting China's Shanghai and America's Boston, we are putting two very strong innovative centers together," said Wang Zhigang, China's vice-minister of Science and Technology. "The cooperation will benefit not only the two cities, the two countries, but also the development of science and technology worldwide."

Zhang Qiyue, Chinese consul general in New York, whose consulate serves 10 states in the Northeast, said the relationship with Massachusetts is an important one to China.

For a long time, Chinese students have been studying in Massachusetts at schools such as Harvard University and the Massachusetts Institute of Technology (MIT). Economically, China's CRRC, the world's largest railcar maker, broke ground last year on a $60 million facility in Springfield.

Two large Chinese insurers, China Life Insurance Group Co and Ping An Insurance Co, recently each invested $167 million into the redevelopment of Boston's Pier 4.

Hainan Airlines launched direct flights between Boston to Beijing and Shanghai, and Cathay Pacific operates direct flights from Boston to Hong Kong.

As Massachusetts Governor Charlie Baker briefed the audience on all the increasing ties between Massachusetts and China, he pointed out that the new industrial park will bring the two even closer.

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