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Viewing report
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Hefei Economic and Technological Development Area
China Knowledge Press, June 2011, Pages: 25
Hefei Economic and Technological Dvt Area (Hefei ETDA) rated “A” by China Knowledge in a research report on China’s industrial real estate published today.
The ETDA was established in April1993 and was approved as a state-level economic and technological development zone by the State Council in 2000. Hefei ETDA is located 9 km south-west of Hefei, the capital of Anhui Province in central China. It has an area of 66 sq km under its jurisdiction.
Hefei ETDA is connected to the national road network via more than ten main roads and trunk roads. The two main cities in eastern China, Nanjing and Shanghai, may be reached within two hours and five hours, respectively.
In 2009, GDP of Hefei ETDA grew 18.37% year on year to RMB 36.97 billion, accounting for 17.6% of Hefei’s total. Value added industrial output amounted to RMB 28.5 billion, up 20.32% year on year.
The ETDA has separate industrial clusters for auto parts, household electronic appliances, equipment manufacturing, chemical engineering and food processing. In 2009, the auto parts cluster contributed 28.0% to the zone’s gross industrial output, while household electronic appliances enterprises accounted for 27.0% of the total. Equipment manufacturing accounted for 24.0% of the total, while chemical engineering and food-processing industry contributed 14.0% and 7.5% to the total, respectively.
The main contributors to Hefei ETDA’s economic development are Haier, Jianghuai Auto and Hitachi. Haier has established a sub-park whose main products are household electronics. Hefei Haier has become the key driving force for the development of Hefei ETDA.
In 2009, the utilized FDI of the zone reached US$336 million, accounting for 25.85% of Hefei’s total. The export value of the zone amounted to US$714 million, accounting for 16% of the city’s total.
The latest figures show that in the first half of 2010, the export value rose 39.27% to US$564.44 million. In the first three quarters, value-added industrial output of the zone amounted to RMB 25.99 billion, up 36.09% year on year. The utilized FDI fell 57.9% to US$121.85 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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