|
|
 |
|
Viewing report
|
|
|
|
Hangzhou Economic and Technological Development Zone
China Knowledge Press, June 2011, Pages: 25
Hangzhou Economic and Technological Development Zone (Hangzhou ETDZ) rated “AA” by China Knowledge in a research report published today. The industrial park, approved by the State Council in 1993, has a planned area of 34 sq km.
It is located in eastern Hangzhou, 19 km from downtown and 15 km from the Hangzhou Xiaoshan International Airport, which offers 149 flights to domestic cities and 32 flights to international cities per week. Hangzhou ETDZ is located approximately the same distance from Shanghai, Suzhou, Shaoxing and Ningbo, which are a 1.5-hours’ drive away. Additionally, the zone is close to Ningbo-Zhoushan Port and Shanghai Port, the two largest deep-water ports in China. Because there are 14 colleges and universities in Hangzhou ETDZ, the zone can draw from a talent pool of more than 50,000 skilled persons per year.
Hangzhou ETDZ contains the Singapore-Hangzhou Science & Technological Park, the Modern Logistics Park, the High-Tech Incubator, the Innovation Industrial Park and the New Medical Industrial Base. In 2010, its GDP grew 10.79% and reached 35.99 billion, accounting for 6.1% of Hangzhou’s GDP.
The zone’s major industries are IT, machinery, food and beverages, and pharmaceuticals. In 2010, value-added industrial output of the park rose 12.2% to RMB 27.68 billion. The zone has attracted global IT giants such as IBM, Motorola and LG. The zone’s export value increased 32.53% from the previous year to US$4.78 billion in 2010. Export value to the U.S., Japan and the E.U. reached US$514 million, US$1.56 billion and US$677 million, accounting for 10.75%, 32.63% and 14.16% of the zone’s total export value, respectively.
Last year, the utilized FDI reached US$608 million. By the end of 2010, Hangzhou ETDZ had attracted investments from 65 Fortune 500 enterprises including Coca-Cola, Motorola and Siemens. The zone is also home to large domestically renowned firms such as Wahaha, Zhejiang University, Shengmin Pharmaceuticals and Bafang Logistics.
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. There are 24 with “AA” rating among 254 national or municipal level industrial parks rated by China Knowledge since 2003.
|
|
|
|
