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Viewing report
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Nanjing Export Processing Zone
China Knowledge Press, June 2011, Pages: 25
Nanjing Export Processing Zone (Nanjing EPZ) rated “BBB” by China Knowledge. Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries. The zone, consisting of South Park and North Park, was approved by the State Council in 2003 and has an area of 2.5 sq km.
The South Park, covering an area of 1.2 sq km, is located inside Jiangning Economic and Technological Development Zone, 15 km from downtown Nanjing. It is 20 km from Nanjing Port, which was the country’s third-largest inland river port in terms of cargo throughput in 2008 and is the largest inland-river petrochemical and liquid chemical products transfer port. It is 7 km from Nanjing South Station and close to the Nanjing Lukou International Airport.
The North Park, situated in the state-level Nanjing Economic and Technological Development Zone, is near the Second Yangtze River Bridge in Nanjing. Nanjing Lukou International Airport, 50 km away, can be reached by car in 40 minutes. It can also be reached through the Nanjing North City Loop Railway, which is linked to the Tianjin- Zhenjiang Railway, the Shanghai-Nanjing Railway and the Anhui-Jiangxi Railway. Both parks are connected to downtown Nanjing and to other major cities via the Nanjing-Shanghai Expressway, the Nanjing-Hangzhou Highway, the Nanjing-Maanshan Highway, the Nanjing-Hefei Highway and the Nanjing-Lianyungang Highway.
Nanjing EPZ encourages investment in electronics, automobiles, food and beverages and new construction materials. It is a gathering area for export-oriented firms. In 2010, the foreign trade value in the South Park was US$10.85 billion, including an export value of US$5.94 billion. The utilized FDI in the zone stood at US$155 million. The park is becoming a major electronic information industrial base in Nanjing. Compal Communications from Taiwan, an OEM of Nokia and Motorola, in 2003 set up a manufacturing plant in the zone with an initial investment of US$29.5 million. It has a monthly production capacity of over 2 million mobile phones. The zone is one of China’s major mobile phone production and export bases, and produces more than 120 million units annually, accounting for nearly 8% of the world’s total. Colombia Semiconductors inaugurated a semiconductor wafer project, the first of its kind in Nanjing, with US$150 million in 2006. It has greatly contributed to the completion of the electronic information industry chain in Nanjing.
In 2008, the North Park of the zone generated RMB 273.1 million in gross industrial output. Hanesbrands Inc, a U.S.-based textile manufacturer, invested US$127 million in a production line in the park.
Last year, the city’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.
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