Central China high-tech zone lures global talent with subsidies

Source: Xinhua| 2019-04-04 18:43:29|Editor: Li Xia
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WUHAN, April 4 (Xinhua) -- A high-tech zone in central China's Hubei Province is pledging 100 million yuan (14.9 million U.S. dollars) to top global talent in an effort to boost its influence, according to a plan released Thursday.

The Wuhan East Lake High-tech Development Zone, also referred to as Optics Valley, released the plan to lure professionals in optical technology, bio-medicine, green industry, high-end equipment manufacturing, modern service sectors, integrated circuit and digital economy.

The Zone will offer three categories of workers laid out in the plan as high-level entrepreneurs, industry leaders and top global talent with subsidies ranging from 300,000 yuan to 100 million yuan.

It will also help facilitate border entry and exit for the employees, the plan said.

The Wuhan East Lake High-tech Development Zone was set up in 1988 and approved by China's State Council as one of the first national-level high-tech zones in 1991.

Total revenues of companies in the valley reached 1 trillion yuan in 2015. By 2020, the zone plans to rake in a total income of 3 trillion yuan and build it into a world-class high-tech park, according to its official website.