As part of efforts by the Zhangjiang Administrative Service Center and the USChina Partnership Committee to boost bilateral exchanges on innovation, an enterprises park in Boston is expected to open its doors on Feb 26. It will serve as a platform for the training of creative talent, cutting-edge innovation, technological research and development, international marketing and co-development, as well as an incubator for enterprises. The Zhangjiang Administrative Service Center is the administration body of the Zhangjiang Hi-Tech Park, one of China’s first state-level high-tech zones approved by the State Council.
Visitors from 51 countries can now enjoy a 144-hour visa-free stay in Shanghai. The new visa policy, which took effect on Jan 30, is applicable to people from countries such as the United States, Japan, South Korea, France and Germany. Residents from Jiangsu and Zhejiang provinces are also eligible for the visa-free period. Approved by the State Council, the new policy demonstrates the central government’s support in accelerating development of the Yangtze River Delta region. Shanghai, Hangzhou (capital of Zhejiang province) and Nanjing (capital of Jiangsu province) have since 2013 had a 72-hour visa-free entry for international visitors.
Business startups in Shanghai received 19 percent of the nation’s total angel investments in 2015, 2 percentage points higher than in 2014. According to a report jointly published by the Shanghai Technology Entrepreneurship Foundation for Graduates and ChinaVenture Investment Consulting Group, there were 985 angel investments in China between January and September last year, a growth of 7.2 times. The total investment of 9.6 billion yuan ($1.5 billion) in China also accounted for a 17.8-fold increase from the previous year. For the past few years, US startups have received about $20 billion in angel investments annually.
The life expectancy of Shanghai’s permanent residents hit a record high in 2015: 82.75 years. That’s six months more than a year earlier, according to the Shanghai Municipal Commission of Health and Family Planning. Women lived an average of 85.09 years, surpassing 85 for the first time. Men lived an average of 80.47 years. The city’s maternal mortality rate last year was 6.66 per 100,000 and infant mortality was 4.58 per 1,000. The indexes showed Shanghai has ranked among the world’s most advanced cities for 12 consecutive years.
New York City’s Empire State Building is marking the Chinese Lunar New Year with festive lighting, a window display and fireworks along the Hudson River. It’s the landmark’s 15th consecutive tribute to the holiday. A spectacular fireworks show was held the night of Feb 6, the day before Chinese New Year’s Eve. On the ground floor of the iconic building, a window exhibition inspired by the Monkey King, the main character of the historic Chinese novel Journey to the West, opened on Feb 2 to mark the Year of the Monkey.