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Zhengzhou High-tech Industrial Development Zone
China Knowledge Press, June 2011, Pages: 25
Zhengzhou High-tech Industrial Development Zone (Zhengzhou HIDZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. The HIDZ was established in 1988 and was approved by the State Council as a state-level development zone on Mar. 6, 1991. It is located in the northwestern part of Zhengzhou, the capital of central China’s Henan Province. The zone currently has an area of 30 sq km. A plan to extend the zone by 67.7 sq km was approved by the Zhengzhou municipal government in 2004 and construction is currently underway.
Five special industry parks have been set up in Zhengzhou HIDZ: the Innovation Service Center, Zhengzhou Biotech and Pharmaceutical Industry Park, Zhengzhou New Materials Industry Park, Zhengzhou Optical-Mechanical-Electronic Industry Park and Central China Software Industry Park.
Zhengzhou boasts a developed transportation system comprising airways, railways and highways. Two major railways, the Beijing-Guangzhou Railway and the Lianyungang-Lanzhou Railway, and several expressways run through Zhengzhou. The Xinzheng Airport is located 37 km to the southeast.
In 2010, Zhengzhou HIDZ’s GDP reached RMB 7 billion. Meanwhile, the value-added industrial output generated by enterprises of the designated size of about RMB 4.5 billion. The utilized FDI and export value of the zone were US$69.2 million and US$279 million in 2008, up 30.1% and 30.2% over the previous year, respectively.
Zhengzhou HIDZ’s five pillar industries are information technology, new materials, bioengineering, optical-mechanical-electronic integration and new energy. Last year, enterprises in these industries realized sales revenue of RMB 38 billion, accounting for approximately 80% of Zhengzhou HIDZ’s total.
By the end of 2010, more than 3,000 enterprises had established businesses in Zhengzhou HIDZ. The zone’s software enterprises and new materials enterprises accounted for more than 70% and 80% of the total number in Henan Province, respectively.
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.