Inspired by the traditional Chinese painted red eggs, the landmark represents the vitality of Yangpu District where it is located as an incubation base for technology.
Statistics show that the Wujiaochang region, with an area of 7.6 square kilometers, is home to nearly 4,000 startups. In other words, there are 510.9 hi-tech companies per square kilometer there. On a heat map representing the distribution of enterprises, the entrepreneurship center located in Sanhaowan Square on Guoding Road is a large red dot, showing a cluster of companies in high density. Another report on the innovation of Yangpu District shows that by the end of 2019, the district had attracted 682 high-level talent, an increase of 77.1 percent over the previous five years. Besides, Yangpu District has 66 academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering, accounting for 38.2 percent of Shanghai’s total.
“Talent always comes first in scientific and technological innovation.” said Li Yueqi, secretary of the Yangpu District Committee of the Communist Party of China. Owing to the talent pooled there, the small Wujiaochang region can now be compared to Silicon Valley in terms of innovation. In the environment of entrepreneurship and innovation, talent from universities and young entrepreneurs from all over the world are as abundant as fish in the water here.
A Nest that Attracts Phoenixes to Settle
Yangpu is never short of talent. It is home to 10 universities, boasting nearly one-fifth of Shanghai’s undergraduate students and one-third of its graduate students. This has empowered Yangpu to build itself into a nest of rising talent. Yangpu has been building itself into a district that is attractive to higher education, tech businesses and residents.
This story is from the May 2020 edition of China Today (English).
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This story is from the May 2020 edition of China Today (English).
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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