- Language: English
- 391 Pages
- Published: October 2012
- Region: Global
Shanghai Pudong Kangqiao Industrial Park
- Published: June 2011
- Region: China
- 25 pages
- China Knowledge Press
Shanghai Pudong Kangqiao Industrial Park (Shanghai Pudong Kangqiao IP) rated “BBB” by China Knowledge. The industrial park, formerly known as Nanhui Kangqiao Industrial Zone, is located in Pudong New Area in the northern part of Shanghai. The park was established in 1992 and was approved by the Shanghai municipal government as a municipal-level development zone in 1994. It covers an area of 26.88 sq km.
The Shanghai Pudong Kangqiao IP has an advantageous geographic location. It is within a 30-minute drive of the Bund, a central business district in Shanghai. The park is 22 km from Shanghai Hongqiao Airport and 12 km from Shanghai Pudong International Airport. Shanghai Port, China’s largest port in terms of container traffic in 2008, is 60 km away.
In 2010, Shanghai Pudong Kangqiao IP generated a gross industrial output value of RMB 97.5 billion, accounting for 4.9% of Shanghai’s total and 12% of Pudong New Area’s total. The park encourages investment in the electronic information, auto parts and medical instruments and equipment manufacturing industries. By the end of 2008, the contracted FDI in the zone had reached US$2.6 billion. Major foreign investors include GM, Ford, Volkswagen, Schneider, BHP and Asus.
Taiwan-based Asus, a leading PC maker, invested a total of US$1.5 billion in a PC production base in Shanghai Pudong Kangqiao IP, making it the company’s largest production base in the world.
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.
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