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Shenyang Economic and Technological Development Zone
China Knowledge Press, June 2011, Pages: 25
Shenyang Economic and Technological Development Zone (Shenyang ETDZ) rated “AA” by China Knowledge in a research report on China’s industrial real estate published today. Located to the southwest of Shenyang’s downtown area, the ETDZ was set up in June 1988 and became a state level development zone in April 1993.
The Beijing-Shenyang Highway, the Shenyang-Panjin Road and the Qinhuangdao-Shenyang Railway pass through the EDTZ, providing convenient transportation. A port railway and road connect Shenyang with the nearest seaport, Yingkou, which is 166 km from Shenyang.
The ETDZ is located in Tiexi District 13 km from Shenyang’s downtown and 23 km from Shenyang Taoxian International Airport. The airport is China’s 16th-largest airport in terms of throughput in 2008.
In 2009, Shenyang ETDZ’s GDP grew 29.95% year on year and reached RMB 70 billion, accounting for nearly 16% of Shenyang’s total. The value-added industrial output rose 15.33% to RMB 49.6 billion. In 2009, the export value decreased 9.71% to US$1.57 billion, while the utilized FDI rose 10.33% to US$908 million.
Shenyang ETDZ’s major industries are equipment manufacturing, automobiles, auto parts, chemicals and medicine. Equipment manufacturing is the strongest industry in Shenyang ETDZ. Shenyang is a traditional industrial base of equipment manufacturing, the value-added industrial output provided amounted to RMB 96,74 billion in 2009, accounting for 48% of the city’s industrial sector. Major companies include Northern Heavy Industries Group Corp, Shenyang North Traffic Heavy Industry Group Corp, Shenyang Machine Tool Corp, Tebian Electric Apparatus and Shenyang Blower Works.
Chemicals are also important in Shenyang ETDZ. The zone’s chemical industrial park focuses on petrochemicals, fine chemicals and special-use rubber. Its planned industrial output will exceed RMB 200 billion in 2015. Shenyang Chemical Corp and BASF are the major investors.
Auto parts manufacturing is also one of the major industries of Shenyang ETDZ. Many domestic and international auto part makers have commenced business in the zone’s auto parts industrial park. Shenyang ETDZ plans to increase this number to 300 in 2013 and to achieve a total industrial output of RMB 20 billion. Daimler Chrysler is the major investor in this field.
Based on the development of Shenyang ETDZ, a new secondary city called Tiexi New City was built nearby. Its purpose is to develop the modern service industry. Carrefour, Metro and Tesco are the major investors. The latest figures show that in the first half of 2010, the export value decreased 2.34% to US$931 million.
In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 45.29 billion, up 14.96% year on year. The utilized FDI rose 3.35% to US$694.84 million.
Industrial parks rated AA are highly attractive and are highly recommended. However, in comparison with industrial parks given the AAA rating, these industrial parks still lag behind in some areas. The most typical disadvantage is the smaller economic size as reflected in the GDP or FDI, high investment costs and limited land resources. Together with AAA-rated industrial parks, these industrial parks are considered first-tier. There are 24 with “AA” rating among 254 national or municipal level industrial parks rated by China Knowledge since 2003.
Northern Heavy Industries Group Corp, Shenyang North Traffic Heavy Industry Group Corp, Shenyang Machine Tool Corp, Tebian Electric Apparatus and Shenyang Blower Works, Daimler Chrysler, Carrefour, Metro and Tesco