Ahead of the 2026 Zhongguancun Forum and the International Technology Trade Fair, Beijing launched the ZGC International Technology Trade Center last Tuesday to accelerate the commercialization of scientific and technological achievements and better connect research with market demand.
Covering 4,500 square meters, the center serves as a one-stop platform for technology transactions, offering services of trading, project roadshows, exhibitions, business matchmaking, and new sci-tech product debuts.
"The center leverages Beijing's advantages as a national sci-tech innovation hub, bringing together key trading resources of technology, talent, and capital. By integrating online and offline platforms, it is to build a global network for technology trading under the vision of buying and selling globally," said Yan Ying, director of the Sci-tech Transfer Division of the Management Committee of Zhongguancun Science and Technology Park under the Beijing Municipal Science and Technology Commission.
A featured section of the center, dubbed the "Orange Shop," a homophone for "achievement shop" in Chinese, focuses on cutting-edge sectors such as AI, smart hardware, smart healthcare, and new materials. It combines product launches, interactive experiences, and exchanges, displaying top innovated products in an accessible way and helping new technologies gain market visibility.
"The center will help energize the entire chain of sci-tech commercialization, facilitating the transition of sci-tech findings from laboratories to the marketplace and from technologies to industries, and accelerating the high-quality realization of the transfer," said Liu Qiang, vice president of Beijing Zhongguancun Sci-tech Services.
Zhongguancun International Technology Trade Center inaugurated
China's development has never been a "threat" to anyone but the source of growth advancing common development of all countries, Foreign Ministry spokesman Lin Jian said at a regular press conference in Beijing on Friday.
Some Western media and think tanks are peddling so-called "China Shock 2.0," saying that "China is achieving fast development in high-tech sectors such as renewable energy and AI and relies on foreign markets to absorb its overcapacity, thus reducing the market share of developed countries and sending more serious shock waves to the global economy compared with the era of traditional manufacture industry," while there are foreign commentators saying that the "China Shock 2.0" argument ignores the genuine innovation occurring within the Chinese industrial ecosystem and that Chinese export is the exact booster of the global economy that is needed in the turbulent period and more indispensable than ever.
Commenting on that, Lin said: "From the world's factory to the world's market and innovation powerhouse, China's development is achieved through strong performance driven by innovation and brings tangible cooperation opportunities and space to the world. High-quality Chinese products represented by the 'old three' of textiles, furniture and home appliances have stabilized the global industrial and supply chain, lowered the living cost of global consumers and eased the inflationary pressure worldwide. China's green production capacity represented by the 'new three' of electric vehicles, batteries and solar panels has bridged the gap between supply and demand in global green development and bolstered the global energy transition and low-carbon development. Moreover, China's high-tech products represented by the 'new new three' of robots, AI and innovative drugs have broken high-tech barriers and monopoly and enabled people in more countries to access affordable new technologies," said the spokesman.
"Openness and cooperation bring about progress and win-win result. China's development has never been a 'threat' to anyone but the source of growth advancing common development of all countries. What really creates 'shocks' to the world has never been the innovation of Chinese companies and efficiency of Chinese industrial capacity, but protectionist moves of setting up barriers, decoupling and severing industrial and supply chains. China will stay committed to high-standard opening up, defend the multilateral trading system and provide more certainty and new impetus to the world economy with its own steady development," said Lin.
China's development never a threat: FM spokesman
