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Changsha Economic and Technological Development Zone
China Knowledge Press, June 2011, Pages: 25
Changsha Economic and Technological Development Zone (Changsha ETDZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. The ETDZ was established in August 1992 and was approved as a state-level zone by the State Council in 2000. With a planned area of 60 sq km, Changsha ETDZ is located 8 km east of Changsha, the capital of central China’s Hunan Province.
State Highway 319 and State Highway 107 and the Beijing-Zhuhai Expressway all cross Changsha ETDZ. The zone is 8 km from the Changsha railway station, Changsha Huanghua International Airport, and Changsha’s new port, Xianing Port.
In 2009, GDP of Changsha ETDZ grew 17.25% to RMB 30.1 billion, accounting for 8% of Changsha. The value-added industrial output amounted to RMB 21.8 billion in 2009, increasing by 21.35% year on year.
Changsha ETDZ has six pillar industries: advanced machinery manufacturing, autos and auto parts, IT, packaging, food and beverage processing and new materials.
In the field of advanced machinery manufacturing, Changsha ETDZ has attracted many leading enterprises that have great influence in China’s market. They include Zoomlion Heavy Industry Science & Technology Development, SANY Heavy Industry, Broad Air, Changfeng Motor and Sunward Intelligent. In addition, Changsha ETDZ has a modern engineering machinery industrial cluster.
In 2008, Zoomlion Heavy Industry Science & Technology Development realized RMB 24.3 billion in sales, 66.0% more than in 2007. The value of Zoomlion’s exports was RMB 2.68 billion (US$386 million) in 2008, up 112% over the previous year. During the same year, SANY Heavy Industry’s total sales amounted to RMB 20.9 billion, increasing by 55.1% year on year. Bosch Automotive Products (Changsha) Co Ltd, one of Bosch Automotive’s major investments in China, realized US$219 million in revenue in 2008, 43.0% than in 2007.
In 2009, the utilized FDI of the zone reached US$175 million, accounting for 8.6% of Changsha’s total. The total export value of the zone fell 24.85% to US$678 million, accounting for 27.7% of the city’s total.
The latest figures show that in the first half of 2010, the export value rose 43.82% to US$518.4 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 21.04 billion, up 38.11% year on year, and the gloss industrial output reached RMB91.5 billion. In 2010, the utilized FDI rose 223.38% to US$119.62 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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