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Viewing report
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Changchun Economic and Technological Development Zone
China Knowledge Press, June 2011, Pages: 25
Changchun Economic and Technological Development Zone (Changchun ETDZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. Located to the east of Changchun’s downtown area, the ETDZ was constructed in April 1993.
Changchun ETDZ has convenient transportation. The zone is only 2 km from the nearest freight train station, 26 km from the newly-constructed Changchun Longjia International Airport, and a 6-hour drive from Dalian Port, the largest port in Northeast China. Three highways pass through Changchun ETDZ, providing convenient land transportation to Dalian, Harbin, Shenyang and Jilin.
In 2010, the GDP of Changchun ETDZ topped RMB 44.2 billion, accounting for 29% of Changchun’s total. In 2009, the value-added industrial output of the zone exceeded RMB 35 billion, rising 16.19% from the previous year. In 2009, the export value decreased 23.58% to US$353 million, while the utilized FDI rose 18.57% to US$827 million. The pillar industries of Changchun ETDZ are automobiles, auto parts, food processing, photo-electronics and biopharmaceuticals.
Changchun is known as the “City of Automobiles,” because the automobile manufacturing industry is the most important industry in Changchun. In 2009, the production output of the city amounted to 1.23 million units, including 0.86 million sedan. Auto industry accounted for 62.4% of the city’s industrial output. Changchun is home to the nation’s second-largest automobile manufacturer, First Automobile Works.
Benefiting from this advantage, the automobile and auto parts manufacturing industries are a pillar industry of Changchun ETDZ. A special-purpose vehicle industrial park was constructed in Changchun ETDZ in 2007. FAW Special Vehicle, FAW Bus, Hengli Special Vehicle, and Zhongxing Auto are the major vehicle producers in Changchun ETDZ, which has attracted many auto parts manufacturers, including Toyota Motors, ZF Automotive Chassis, Siemens VDO, and Delphi Automotive.
Photo electronics is another major industry of Changchun and Changchun ETDZ. Changchun is home to the nation’s most famous institute for photo electronics and is home to over 80 research labs. Changchun Photo electronics Industrial Park was constructed in Changchun ETDZ by the Chinese Academy of Science. It involves an investment of nearly RMB 20 billion, and will be able to generate an industrial output of RMB 30 billion each year after the completion of construction. China Science Group, an affiliate of the Chinese Academy of Sciences engaged in high-tech investment and management, is the largest investor in this field.
The latest figures show that in the first half of 2010, the export value rose 26.19% to US$357 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 35.39 billion, up 32.75% year on year. The utilized FDI rose 13.28% to US$707.13 million.
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 class of industrial parks that are mainly found in the Northeastern, Western and Central China, benefits from these regions’ lower labor cost.
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