The last two decades have witnessed a rise in the economic growth of China, with an average annual increase in gross domestic product (GDP) of more than 9% per year. It is now generally accepted that government intervention has, at times, played a positive role in promoting economic growth in China (Linden, 2004). To develop technological competitiveness and catalyse economic growth at the nation, state, and city levels, the Chinese government has enacted a series of national high-and new-technology industrial development programs, namely, the Torch Program, within the context of the country’s evolving national innovation system. Within this system, one of the important aims of Chinese government’s industrial policy is to establish high-technology industrial parks and development zones.