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Centres vie for hi-tech funds

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Fierce competition has broken out between Beijing, Shenzhen and the Pudong district of Shanghai to operate the mainland's first hi-tech export processing zone.

At the same time, the Communist Party leadership has mapped out plans to move relatively low-tech industries in the coastal open cities and economic zones to heartland provinces.

A planning source said in Beijing yesterday the leaders of the three cities had lobbied top cadres, including President Jiang Zemin and Premier Zhu Rongji, for funds to start the hi-tech export zone, which will enjoy special policies including low taxes.

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Leaders, including Mr Zhu, have ruled that to avoid duplication, only one such zone will be allowed in the foreseeable future.

The source said Shenzhen pulled off a coup last month when it got Mr Zhu's permission to host a national hi-tech fair every year.

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The city boasts the highest level of 'hi-tech content' in its industrial products.

However, Guangdong economists pointed out that in terms of the concentration of hi-tech personnel, Shenzhen lagged behind Shanghai and Beijing.

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