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Viewing report
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Nanjing National Cross-strait Science and Technological Industrial Park
China Knowledge Press, June 2011, Pages: 25
Nanjing National Cross-strait Science and Technology Industrial Park was rated “BBB” by China Knowledge. It is one of the two state-level cross-strait science and technology industrial parks in China, was approved by the Taiwan Affairs Office of the State Council and the Ministry of Science and Technology in 1997 and has an area of 3.5 sq km. 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 cross-strait industrial zone has four functional areas: a high-tech industrial area, an R&D and education area, a bonded logistics area and a finance and commercial area. It has attracted major industries in the electronic information, biopharmaceutical and new material sectors.
The zone’s home city, Nanjing, has strong economic ties with Taiwan. Last year, about 16% of Nanjing’s foreign investment came from Taiwan. Over 1,000 Taiwan-invested firms have been set up in Nanjing.
At present, 30 Taiwanese firms, including Walsin Lihwa, an electric wire and cable maker, and Ho Tung Chemical, a major manufacturer of LAB and LAS, have started production in the cross-strait industrial zone. Walsin Lihwa’s second SCR steel products production line is under construction. It will have an annual production capacity of 250,000 tons. Ho Tung plans to invest about US$183.5 million in the petrochemical and biopharmaceutical sectors. Taiwan-based Foxconn, a Fortune 500 enterprise, created a software base in the zone to develop wireless communication networks, enterprise information security and medical software in August 2007. This is its first software base in mainland China.
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.
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