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Viewing report
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Nanjing Economic and Technological Development Zone
China Knowledge Press, June 2011, Pages: 25
Nanjing Economic and Technology Development Zone (Nanjing ETDZ) rated “AA” by China Knowledge. Set up in 1992, it was approved by the State Council in 2002 with a planned area of 13.4 sq km. It is situated in the northeast suburbs of Nanjing, 5 km from downtown.
Nanjing ETDZ has four functional areas: the industrial area, the bonded warehousing area, the finance and trade area and the comprehensive service area. It consists of Nanjing Export Processing Zone, National Nanjing Xin Gang High-tech Industrial Park, National Cross-Strait Science and Technology Industrial Park, Nanjing Korea Industry Park and Nanjing LG Industry Park.
In 2009, the zone achieved a GDP of RMB 26.6 billion, growing 28.84% from a year earlier. The value-added industrial output from the zone exceeded RMB 23.7 billion, taking up 22.15% of Nanjing’s total.
The major industries encouraged in the zone, which include electronic information, biopharmaceuticals, machinery and new materials, contribute more than two thirds of the zone’s GDP. The zone is home to China’s leading flat-panel display manufacturing base, having attracted over 60 manufacturers and related companies to invest US$2.5 billion in total. LG Philips, the world’s leading maker of LCD modules, set up its first offshore manufacturing base in the zone with an initial investment of US$77 million. The base is capable of producing 3.6 million modules annually.
In 2009, the park’s export value hit US$4.59 billion, accounting for 25% of Nanjing’s total. By the end of 2009, over 400 foreign-funded enterprises had set up in the zone, with utilized FDI reaching US$2.3 billion. That year it attracted US$258 million utilized FDI, up 0.33% year on year.
The latest figures show that in the first half of 2010, value-added industrial output of the park amounted to RMB 22.24 billion, up 33.25% year on year. The utilized FDI fell 37.87% to US$165.6 million, while the export value rose 28.16% to US$3.08 billion.
In 2010, Nanjing’s economy grew by 13.1% from a year earlier to RMB 501 billion. It is the third largest economy after Suzhou and Wuxi in Jiangsu province. Nanjing has also witnessed fast growth in foreign investment. Last year, the FDI edged up 4.8% year-on-year to US$4.78 billion, with utilized FDI increasing by 17.3% year-on-year to US$2.67 billion.
Nanjing is also an educational hub in Jiangsu province. There are 53 universities with 773,400 students. The pace of development has not met the supply of large number of highly qualified students.
Industrial parks rated AA are highly attractive and are highly recommended. However, in comparison with industrial parks given the AAA rating, these industrial parks still lag behind in some areas. The most typical disadvantage is the smaller economic size as reflected in the GDP or FDI, high investment costs and limited land resources. Together with AAA-rated industrial parks, these industrial parks are considered first-tier industrial parks. There are 24 with “AA” rating among 254 national or municipal level industrial parks rated by China Knowledge since 2003.
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