WORK started recently on the Laoshan Biology Industrial Zone in Laoshan Technology City. With total investment of 2.4 billion yuan it has become the first blue economic zone in the area.

    The industrial zone, covering about 500,000 square meters, has 13 projects and will be finished in 2013. Annual sales revenue is expected to reach more than 40 billion yuan, paying tax of 300 million yuan a year, when the park opens. It will become a convenient and well-facilitated industrial park with many high-tech companies.

    All 13 companies which have already moved into the zone have proprietary intellectual property rights.

    (Wang Yuanyuan, Wang Liyan)