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Dalian Free Trade Zone
China Knowledge Press, June 2011, Pages: 25
Dalian Free Trade Zone (Dalian FTZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. Located in Jinzhou District of Dalian, the FTZ is the only free trade zone in Northeast China. It enjoys preferential policies such as 24-hour customs services and exemption from taxes.
The FTZ is near to several ports, including Dayaowan Container Port. Trains carry bonded freight to Harbin and Shenyang, the nearest freight train station being 2 km from Dalian FTZ. The rail distance from Dalian to Shenyang is 400 km. It is 950 km to Harbin and 1,070 km to Beijing.
Dalian FTZ is 14 km from the Shenyang-Dalian Highway and 26 km from Dalian International Airport. The airport was China’s 14th-largest airport in terms of cargo throughput in 2008.
Last year, the GDP of Dalian FTZ topped RMB 12 billion. The cumulative utilized FDI in the zone had reached US$3.5 billion by the end of year. The zone has attracted foreign investors such as Intel and CP Group.
Major industries in Dalian FTZ include the processing industry, which focuses on electronics, machinery, plastics and home appliances; the trade industry, which focuses on automobiles and petroleum; and related logistics and warehousing industries.
Major investors include Jinbaozhi Electrics, Wanfang Electrical Appliances and Brilliance Automobiles. Dalian FTZ began to strengthen its logistics functions in 2006, when Dayaowan Port was established as a free-trade port. A bonded logistics park has been set up near the port and has become an important logistics base for Northeast China. IMC, ProLogis, CIMC,Toyota, PetroChina and NYK Line have set up business there.
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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