Guangzhou Private Science and Technology Park was jointly funded and built by the Guangdong Science and Technology Department, Guangzhou Science and Technology Bureau and Guangzhou Baiyun District People's Government in 1995, with approval from the Ministry of Science and Technology.
With an area of 1,223 mu (81.5 hectares), the park is part of the "One Zone, Five Parks” in the Guangzhou High-tech Development Zone. As a national science and technology park, it enjoys national preferential policies provided to high-tech development zones.
Guangzhou Private Science and Technology Park. [Photo/southcn.com]
The park is situated in the middle of Guangzhou Baiyun district, surrounded by green hills and blue waters. Convenient transportation makes it easily accessible from both central Guangzhou, located 15 kilometers away, and Guangzhou Baiyun Airport, located just six kilometers away.
The park consists of one core region located in Taihe town and covers an area of 7.15 square kilometers. It includes four industrial parks - Shenshan Rail Transit Equipment Industrial Park, Baiyun Industrial Park, Baiyun Electrical Supplies Park and Home Supplies Industrial Park.
A high-tech industry cluster has begun to take shape in the park, which has become Guangzhou's private business demonstration base in the realm of science and technology. There are over 60 hi-tech enterprises in the park. More than 90 percent of the companies in the park are privately-owned and had a combined turnover of 46.6 billion yuan ($7.4 billion) in 2016, up 9.0 percent year on year. The gross output value in the park stood at 42 billion yuan, up 10.2 percent year on year, with 1.2 billion yuan in taxes going toward the local economy.
The core region of Guangzhou Private Science and Technology Park. [Photo/people.com.cn]