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China's technology market develops rapidly
Updated: 2004-11-01 16:44

China's technology market has developed rapidly since it appeared in 1980s, according to China Technology Market Association (CTMA).

In 2003, more than 260,000 technology contracts were registered in China and the transaction volume hit 1.08 trillion yuan (US$13 billion), which was 155 times that of 1984.

"During two decades' development, the technology transaction has actively propelled development of technology transfer to productive forces in China," CTMA Chairman Han Deqian said on Sunday.

"At present, over 1 million people are engaged in technology market and the progress of technology market has played an important role in promoting development of national economy," said Cheng Jinpei, vice minister of science and technology.

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