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Viewing report
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Jilin High-tech Industrial Development Zone
China Knowledge Press, June 2011, Pages: 25
Jilin High-tech Industrial Development Zone (Jilin HIDZ) rated “BBB” by China Knowledge in a research report on China’s industrial real estate published today. The HIDZ is located in the southern part of downtown Jilin bordered by a river on three sides and a mountain on the other. The zone has a beautiful natural setting with spectacular scenery and it is a mere 14 km from Songhua Lake, and the nearest bus and train stations are located within 3 km.
Jilin HIDZ is divided into six zones: an integrated function zone, a high-tech industrial zone, an education zone, a tourism zone, and a commercial and residential zone. Most of the park’s investment is in the high-tech industrial zone, which covers an area of 2 sq km and is built around Shenzhen Road, which acts as the central axis. An electronics industrial park and a pharmaceutical industrial park have also been set up in the high-tech zone.
In 2010, the value-added industrial output of Jilin HIDZ reached RMB 26 billion. The gross industrial output of the zone exceeded RMB 90 billion. Pillar industries in the zone include automobiles, auto parts, biopharmaceuticals, electronics and information technology, new materials and fine chemicals.
Jilin is close to Changchun, which is known as the “City of Automobiles.” Benefiting from the geographic location, the automobile industry is the most important industry in Jilin HIDZ. The nation’s second-largest auto producer, First Automobile Works, opened a factory in the automobile park in Jilin HIDZ together with Toyota. The factory can produce 100,000 buses and special vehicles a year.
Electronics and information technology is also important in Jilin HIDZ. Most of the city’s revenue from the information industry was generated in the National Jilin Software Park in Jilin HIDZ. Major investors include Sino-Microelectronics, NXP and JSMC.
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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