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Viewing report
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Hangzhou Export Processing Zone
China Knowledge Press, June 2011, Pages: 25
Hangzhou Export Processing Zone (Hangzhou EPZ) rated “BBB” by China Knowledge in a research report published today. The industrial park, which received approval from the State Council in 2000, has an area of 3 sq km. Nestled in the Hangzhou Economic and Technological Development Zone east of Hangzhou, it is located an equal distance from Shanghai, Suzhou, Shaoxing and Ningbo. The zone is a mere 90-minute drive from any of the four cities.
By Sep 2010, the zone’s gross industrial output reached RMB 9.88 billion. Export value was US$1.33 billion, up 62.8% year on year. Electronics, telecommunications and home appliance industries are the major industries in Hangzhou EPZ. Between January and June in 2008, the zone generated an industrial output value of RMB 4.7 billion from the electronics industry, which accounted for 85.5% of the export processing zone’s total.
In addition, it has attracted a number of Fortune 500 enterprises, including Matsushita and Alcoa. The zone’s FDI totaled US$144 million in the first half of 2008, nearly triple the amount in the same period in the previous year.
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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