The Beijing municipal government is coming up with more policies and capital in favour of technology companies, according to a senior municipal official, while assuring continuing incentives for the workers it needs who have specialised knowledge.
With service industries already making up more than 70 per cent of the municipality's gross domestic product, the only way Beijing can sustain economic growth is to seek its niche in innovation, said Zhu Shilong, deputy director-general of the municipal Science and Technology Commission.
To do so, Zhu (pictured) said the capital would have to keep its door open to 'high-end talent'.
And yet, because of faster-than-expected population growth in the past few years, municipal officials decided this year to cut down the quota of household registrations, or hukou, for fresh university graduates.
What's more, mainland media reported processes were slowing down for even overseas PhD holders to move their families to Beijing.
Zhu denied that, pointing to a number of preferential policies that have recently been established for the Zhongguancun area. Zhongguancun is part of Haidian district, where many of the city's universities and technology companies are based.
