In 2001,Shanghai's Municipal Government set aside 13 square kilometers area near the Huangpu River for university laboratories,and start-up firms in microelectronics,digital technology,and life sciences.It was hoped that the area would foster strong research ability,the development of an advanced technology labor pool,and foster the creation of new industries in Shanghai.This area would best be termed a(n)

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The area described in the passage is specifically designated for university laboratories and start-up firms in technology and life sciences, with the aim of fostering research, creating a skilled labor pool, and developing new industries. This description fits the definition of a science park, which is a type of development designed to support innovation, research, and technology-based industries.

In 2001,Shanghai's Municipal Government Set Aside 13 Square Kilometers Area