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China has approved something called the 'Development Plan for the Zhongguancun National Innovation Demonstration Zone (2011-2020).' This plan aims to boost Zhongguancun's total revenue to 10 trillion RMB ($1.54 trillion)  by 2020, which would be an 85% improvement on the 1.55 trillion RMB ($239 billion) from last year.

We took Friday afternoon to visit Youku, Sina and Tencent at Zhongguancun, often called as China's silicon valley.

Last week, Zhongguancun, China's Silicon Valley had its plan approved for major changes as it aims to boost its total revenue to $1.54 trillion by 2020.