中国在硅谷的投资潮

Zhongguancun, a high-tech hub in Beijing, is posed to open an innovation center in Silicon Valley.

It's a 24-million U.S. dollar investment.

Luo Wei is the CEO of the overseas subsidiary of the Zhongguancun Development Group.

"For those who start businesses overseas, they will feel like entering Zhongguancun when they come here."

Qihoo 360 is one of the firms backing the new innovation center.

Cao Shu with Qihoo says they've already managed to attract 10 new start-ups to take part in the new center.

"Through investment and development, we can establish connections with talented people in Silicon Valley. It is like an indirect way of recruitment."
Wu Jun is with zPark Capital.

It's a venture-capital firm which focuses mostly on start-ups.

He says one of the companies they're investing in at the new innovation center is a drone manufacturing company based in San Francisco.

"Drones are largely manufactured in China. The drone maker Skycatch has recognized this, as well as the connection of our company with China and our background. This is why we're investing"
GGV Capital is a venture capital firm based in both Silicon Valley and China.

Jeff Richards with GGV says investing in both Chinese and US companies makes sense.

"Our strategy for 15 years has been to invest in both markets. We believe the markets are closely intertwined. So we believe that flow of capital from the U.S. to China and from China to the U.S. probably increases over the next five to 10 years."

Wu Jun with zPark Capital says they believe investment in the US will benefit China in the long-term.

"For any manufacturing country, when its manufacturing output and capacity improve and its wealth accumulates, it will develop a gap with the rest of the world in which the more the country can produce, the less the rest of the world can afford to buy. It will then be the outflow of capital to let the development of the entire global economy drive the country's economy to grow faster."

Zhongguancun is one of the areas of China still holding firm when it comes to revenue growth.

The region generated over 1.5 trillion yuan in the first half of this year.

For CRI, I'm Luo Bin.