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Beijing Caiyu Economic Development Zone
China Knowledge Press, June 2011, Pages: 25
Beijing Caiyu Economic Development Zone (Beijing Caiyu EDZ) rated “C” by China Knowledge in a research report on China’s industrial real estate published today. The industrial park, formerly known as Beijing Daxing Caiyu Scientific Park, was built in 1999. It was approved as a municipal level development zone by the Beijing municipal government in 2006 and has an area of 1.3 sq km.
Situated in Daxing District in the southeastern part of Beijing, Beijing Caiyu EDZ borders Oriental University Town and Beijing Economic and Technological Development Area, a state-level development zone in Beijing. The zone is only 25 km from Tiananmen Square, the city center of Beijing. Located at the Caiyu Exit of the Beijing-Tianjin-Tanggu Highway, Beijing Caiyu EDZ is merely 20 km from Beijing Nanyuan Airport, 60 km from Beijing Capital International Airport and 70 km from Tianjin Binhai International Airport.
Beijing Caiyu EDZ’s major industries are new materials and food processing. The zone also encourages investment in the electronics and machinery industries. By 2008, 39 firms had been set up in the zone. In 2008, contracted investment totaled RMB 11.4 million and utilized investment totaled RMB 3.4 million.
The zone has a strong auto parts manufacturing base. Major investors in the zone include Lear Corp, Delphi, Jiangnan Mould & Plastic Technology and Beijing Motor. Beiqi Leer Automobile Electronic Appliance Co Ltd was jointly founded by Beijing Motor and Leer Corporation in 2007 with US$10 million. Beijing Motor, with an annual production capacity exceeding 500,000 units, is one of China’s oldest and largest car makers. The joint venture mainly produces seating systems, electronic products and electrical distributions systems.
Beiqi Delphi Automobile A/C System Company, an air conditioning system producer, was founded by Beijing Motor, Shanghai Delphi Auto A/C Systems and Guanghua Shiyuan in 2008. The annual production capacity of this firm is expected to reach 200,000 units.
Industrial parks rated C are viewed as least attractive. These industrial parks are not recommended for investment. There are 14 municipal level ‘C’ rating industrial parks among 254 ones rated by China Knowledge since 2003. There is requirement for financing to develop its infrastructure, facilities; and even A&P to attract more companies to set up manufacturing plants.
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