The Cyberspace and Advanced Manufacturing Industry Finals and Summit of China-Russia Youth Innovation, Entrepreneurship and Creativity Competition opened on July 7 in Taiyuan, capital of North China's Shanxi province. 

The event lasts until July 9 and is being hosted by Taiyuan municipal government, Beijing's Tsinghua University and Zhongguancun Development Group Co – the company responsible for the investment, development and operation of the Zhongguancun Science Park in Beijing. 

Themed on "creating, sharing and advancing together-achieving common development", the event consists of 16 activities including the competition finals, a government-enterprise matchmaking meeting and an exhibition of outstanding entries.

It will promote the practical outcomes of cooperation, further exchanges and bonds forged between young people from the two countries in sci-tech innovation and entrepreneurship.

The event is expected to establish a dynamic bridge for the matchmaking of technology, industry and capital between Russia and China. 

The China-Russia Youth Innovation, Entrepreneurship and Creativity Competition was jointly founded by Tsinghua University and St. Petersburg University in 2019 – and co-hosted by the Zhongguancun Development Group and Moscow Innovation Cluster – to promote exchanges between Chinese and Russian youth and to advance industrial cooperation.

According to the organizing committee, China has 60 projects – in cyberspace, IT technology, advanced manufacturing, new energy and new materials, medicine and health, cultural tourism and sports industries – in the competition finals. 

In addition to the cyberspace and advanced manufacturing finals held in Taiyuan, the IT technology and new energy and new materials finals will be held in Qingdao city, East China's Shandong province on July 22-23 and the finals for the medical health, cultural tourism and sports fields will be held in Changping district in Beijing on Aug 3-4.