A convenient financing channel, high-quality services and an accumulation of skilled workers are the three chariots pulling Tus-Caohejing Science Park in Songjiang District ahead into fast development, according to Xu Erwei, the park’s general manager. “Tus-Caohejing Science Park opened in May 2016 and its occupancy rate reached 95 percent by the end of the year,” said Xu. “Its tax revenue in 2017 was 550,000 yuan per mu (US$5,350 per hectare) and its tax revenue in 2018 is expected to reach 1.5 million yuan per mu, above the average 720,000 yuan per mu of tax revenue that Shanghai requires from all of its development zones.” Last year, 470 intellectual property items were created in the park.