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China to Establish Joint Technology Park in Austria

China will establish a joint technology park in Austria under a document signed here on June 2.

A visiting Chinese delegation signed a memorandum of understanding on the project with the Austrian Government.

Chinese vice-minister of Science and Technology Ma Songde, who is heading the delegation, told a press conference after the signing that the Chinese Government has always considered the development and industrialization of high technologies very important. Ma said the establishment of the park would benefit both countries.

The project was first proposed by the Chinese Ministry of Science and Technology. It aims to build a platform for Chinese high-tech companies to enter the European and international markets.