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Viewing report
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Nantong Economic and Technological Development Area
China Knowledge Press, June 2011, Pages: 25
Nantong Economic and Technological Development Area (Nantong ETDA) was “A” by China Knowledge. It was approved by the State Council in 1984, was among the first 14 development zones to be set up in China. 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 industrial park covers an area of 29.29 sq km and its home city, Nantong, was one of the first coastal cities in China to open to foreign investments. Boasting 166 km of watercourse along the Yangtze River and over 20km of coast line, Nantong port is the second largest inland river port in China with the cargo throughput of 136 million tons in 2009.
Its location is 100 km from Shanghai Hongqiao Airport, 150 km from Shanghai Pudong International Airport, 240 km from Nanjing Lukou Airport and 12 km from Nantong Airport. The Su-Tong Yangtze Bridge, which was completed in May 2008, has cut travel time between Suzhou and Nantong to less than 1 hour. The zone links up to the Shanghai-Nanjing Expressway, the Yanjiang Expressway, the Nanjing-Nantong Expressway and the Nantong-Qidong Expressway. The Xinqi-Changxing Railway and the Nanjing-Qidong Railway go through the zone.
With the completion of the Su-Tong (Suzhou-Nantong) Yangtze Bridge in April 2008, the driving time from Shanghai to Nantong has been shortened to within an hour. Nantong is building itself up as a platform for Shanghai to transfer automobile, petrochemical, equipment manufacturing and electric appliance industries to, in a bid to merge with Shanghai’s economy and benefit from the spillover effect of the city.
Nantong ETDA consists of state-level Nantong Export Processing Zone, China Changjiang International Chemical Fibers Industrial Park, Changjiang International New Chemical Materials Industrial Park, High-Tech Industrial Area, Nantong Optical-Mechanical-Electronic Industrial Park, No. 1 Port Industrial Area, Electronic Industrial Park and Bonded Logistics Park.
The park’s major industries are fine chemicals, textile fibers, new materials and paper. In 2009, its GDP rose 31.27% year on year to RMB 29.6 billion, contributing over 10.3% to Nantong’s economy. In 2009, the park gained value-added industrial output of about RMB 23.1 billion, up 32.03% year on year.
Nantong ETDA, including Nantong Export Processing Zone, realized export value of US$1.4 billion in 2009, accounting for 12.5% of the city’s total. In 2009, its utilized FDI fell 30.95% to US$439 million due to the global financial crisis. By the end of 2009, more than 50 Fortune 500 enterprises had established presence in the area.
In 2006, Japanese firm Oji Paper was granted regulatory approval to invest US$2 billion to build a pulp and paper integration project. The POM Project, a US$140-million project made possible by Mitsubishi Rayon, Tocona and Polyplastics in 2002, is capable of producing 60,000 ton POMs annually and has the largest single line production capacity in the world.
The latest figures show that in the first half of 2010, value-added industrial output of the park amounted to RMB 20.1 billion, up 56.5% year on year. The utilized FDI rose 97.7% to US$400.15 million, while the export value rose 45.16% to US$1.3 billion.
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