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Dalian Economic and Technological Development Zone
China Knowledge Press, June 2011, Pages: 25
Dalian Economic & Technological Development Zone (Dalian ETDZ) rated “AAA” by China Knowledge in a research report on China’s industrial real estate published today. Located in the southeastern part of Liaodong Peninsula, the ETDZ was the first state-level development zone in China.
Dalian ETDZ has convenient transportation. It is 30 km from Dalian Port, which was the nation’s sixth-largest port by container traffic in 2010. The zone is 10 km from Dayaowan Container Port. Dalian also utilizes trains for delivering bonded freight to Harbin or Shenyang. The rail distance from Dalian to Shenyang is 400 km. It is 950 km to Harbin and 1,070 km to Beijing.
The ETDZ is 7 km from the Shenyang-Dalian Highway. It is also 24 km from Dalian International Airport, which was the 14th-largest airport in the mainland in terms of cargo throughput in 2009. In 2010, its cargo throughput reached 140,000 tons. The current size of its GDP of Dalian ETDZ is about RMB 120 billion.
Petrochemicals, electronics and communications equipment, electrical machinery and metal products are the pillar industries in Dalian ETDZ. The value-added industrial output rose 23.67% to RMB 60.6 billion. In 2009, the export value decreased 24.19% to US$5.86 billion, while the utilized FDI rose 52.95% to US$2 billion.
The petrochemical industry is the most important industry in Dalian ETDZ. West Pacific Petrochemical Corp is the largest investor in this field. Its crude oil processing capacity is over 10 million tons per year.
Intel is the main investor in zone’s electronics and communications equipment industry. The US$2.5 billion Intel factory in the zone was Intel’s first chip manufacturing facility in Asia. Intel’s investment has brought over 100 related downstream companies into Dalian ETDZ. Toshiba also plays a major role in this field. Its primarily produces audio and video broadcast equipment.
Toshiba is also a major investor in its electrical machinery industry. It has two factories, one that produces TVs, and another that produces motors, medical devices and many other electronics.
Dalian ETDZ has a clear industrial plan. It has successfully transitioned from traditional labor-intensive industries to advanced manufacturing and high-tech industries. Industrial output in the high-tech sectors accounts for more than half the zone’s total.
The latest figures show that in the first half of 2010, the export value rose 43.48% to US$5.35 billion. In the first three quarters of 2010, value-added industrial output amounted to RMB 39.12 billion, up 21.3% year on year. The utilized FDI rose 63.24% to US$1.1 billion.
Industrial parks with AAA rating are the most established and have the best investment environment and are strongly recommended. There are only 11 among 254 rated ones that are classified as national or municipal level. These industrial parks have potential of listing in both domestic or foreign exchanges in the form of industrial real estates developer or industrial REIT. Small-size developments with core industry theme are listed in HKSE, SSE and SZE. There are enormous investment opportunities due to their well-developed infrastructure and large number of multinational and state-owned companies established there. It is estimated that the value of each industrial parks could exceed USD 30 billion each.
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