With a 600 percent turnover increase over the last five years, Shanghai Universal Software Park is expected to expand over the coming years.

From millions to billions, it took only five years for the Shanghai Universal Software Park to grow its turnover by a stunning 600 percent. Back in 2005 its output was 300 million yuan, but in 2009 the figure reached an incredible 2 billion yuan.

Established by Shanghai's Putuo district government in 2004 and located in the southwest of the area, the software park is one of the city's largest hi-tech industrial zones with a total area of nearly 100 mu (6.67 hectares) and a built-up area of 110,000 sq m.

Focusing on the software, IT services, cultural creative and LED industries, the park consists of 26 garden-style factory buildings and the park currently has a business occupancy rate of 98 percent.

Over the past five years, more than 180 companies have established business premises in the park, with 60 percent of them engaged in service outsourcing.

In 2005, tax revenue from the park was 2.5 million yuan, whilst, in 2009, the figure rose to 73.88 million.

As of 2009, investment in the park reached 710 million yuan, total tax revenue was 130 million yuan, registered copyrights reached 200, the confirmed number of software firms was in excess of 20, and the total of employees on the site was more than 8,000, with Bachelor or above degree holders accounting for more than 60 percent.