Throughout the world, STIPs have taken an active role in successfully helping to build a link between science and technology and economy and in boosting the high-tech industry's growth. Getting high economic and social returns with a comparatively low investment, STIPs have accumulated rich experience for the structural reform of various nations' national economy and the nurturing of new sources of economic growth.
The development experience of STIPs and the high-tech industry proves that under the system of a socialist market economy, an enterprise can grow fast in market competition, provided it has the capability of technological innovation, market exploration, and business management.
A favorable environment is the key to an enterprise's success. STIPs provide such an environment in which technological achievements are commercialized and industrialized at a high speed. In such parks in China, in just a few years, a large number of newly formed high-tech enterprises have grown into new forces of economic growth and have demonstrated enormous potential.
With the era of the knowledge economy coming, STIPs will play a more important role and make outstanding contributions to high-tech industry growth in both China and all over the world.
Pioneering Course
Since their start in the 1950's, STIPs have played a key role in promoting the transformation of science and technology research results into products and services, incubating high-tech enterprises and entrepreneurs, while at the same time cultivating new economic development. STIPs have proved to be an important mechanism for a country or region in its endeavor to realize high and new technology industrialization, and to promote economic growth and sustained social progress.
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