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Viewing report
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Lianyungang Economic and Technological Development Zone (including Lianyungang Export Processing Zone)
China Knowledge Press, June 2011, Pages: 25
Lianyungang Economic and Technological Development Zone (Lianyungang ETDZ) was rated “A” by China Knowledge. The zone was approved by the State Council in 1984, is located 22 km from downtown Lianyungang and 5 km from Lianyungang Port. It covers an area of 3 sq km. Lianyungang Export Processing Zone (Lianyungang EPZ), located inside Lianyungang ETDZ, was set up in 2003 with approval from the State Council. Industrial parks rated A have above-average investor appeal. Basic conditions are adequate, but improvements are still needed in some areas. There are 50 single A rated industrial parks among 254 rated by China Knowledge since 2003. This class of industrial parks that are mainly found in the Northeastern, Western and Central China, benefits from lower labor costs than those developed ones.
The zones have a convenient transportation system. Lianyungang Port is one of China’s busiest seaports by cargo traffic. In 2009, its container throughput hit 3.03 million TEUs, ranking ninth among all the seaports in mainland China. Situated at the Eastern end of the New Euroasia Continental Land-bridge, which runs all the way to Rotterdam in the Netherlands, Lianyungang is linked with more than 40 countries and regions in Europe and Asia. The zone is within half an hour’s drive to Lianyungang Airport, which offers over 45 regular weekly flights to major domestic cities such as Beijing, Shanghai and Qingdao.
In 2009, GDP of Lianyungang ETDZ, including Lianyungang EPZ, rose 25.37% to RMB 15.8 billion, accounting for 16.8% of Lianyungang’s GDP. The value-added industrial output rose 26.44% to RMB 12.1 billion.
Lianyungang ETDZ consists of state-level New Pharmaceuticals Industrial Base, provincial level New Hig-tech Industrial Zone, Near-Port Industrial Zone, International High-Tech Industrial Park, Kunshan Industrial Park and Near-Port International Comprehensive Logistics Park. Its major industries are textiles, electronics, pharmaceuticals, machinery, and food and beverages. Lianyungang EPZ mainly encourages investment in the mechanical and electronics industries, biopharmaceuticals, precision machinery and garment manufacturing.
In 2009, the export value of the zone decreased 11.64% to US$731 million. The utilized FDI in the zone exceeded US$333 million, taking up 32.1% of the city’s total. Major investors include Zhongshan Anlun, Hengrui Group, Jianghe Group, Lianzhong Group, Ruyi Group, TSL, China Guodian Group and HK Gaoli International Investment Co Ltd.
In 2008, the China Guodian Group made plans to invest over RMB 1 billion in the construction of a wind-power equipment manufacturing and research base in the zone. The base was designed mainly to develop 2.5 MW to 3 MW wind-power generators.
The latest figures show that in the first half of 2010, value-added industrial output of the park amounted to RMB 12.28 billion, up 29.91% year on year. The utilized FDI rose 17.29% to US$288.3 million, while the export value rose 16.07%.
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