From 'China’s Silicon Valley' to Global Collaborations
Beijing is doubling down on its role as a global sci-tech powerhouse, signing deals worth $8.58B at the 2024 Zhongguancun Forum. Dubbed 'China’s Silicon Valley,' Zhongguancun showcased 23 major projects spanning green energy, AI, and healthcare—proving innovation isn’t just a buzzword here.
Malaysia Joins the Innovation Party
A highlight? The new Malaysia-China partnership platform for tech startups. Malaysia’s Science Minister Chang Lih Kang called it a 'deepening of shared interests,' with eyes on green tech and digital economies. Meanwhile, 231 other projects valued at $12.7B signal Beijing’s grip on futuristic industries.
Why Foreign Investors Keep Coming Back
Despite geopolitical headwinds, global players like Italy’s Irene Pivetti say Beijing’s R&D muscle—100+ universities, 28K+ tech firms—is irresistible. Stats back this up: Foreign investment in R&D hit $5.81B in 2023, and 1,729 new foreign firms set up shop last year alone.
New Frontiers: AI, Green Energy, and Beyond
Ernst & Young’s Jane Yang notes Beijing’s 'advantage' lies in its ability to turn lab ideas into market-ready solutions. With 114 unicorn companies and counting, the city isn’t just chasing trends—it’s writing the playbook for tomorrow’s tech.
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Stats back this up: Foreign investment in R&D hit $5.81B in 2023, and 1,729 new foreign firms set up shop last year alone.
ZGC Forum Reveals 19 Game-Changing Tech Breakthroughs 
