|
|
 |
|
Viewing report
|
|
|
|
Xiangtan National High-tech Industrial Development Zone
China Knowledge Press, June 2011, Pages: 25
Xiangtan National High-tech Industrial Development Zone (Xiangtan NHIDZ) rated “BBB” by China Knowledge in a research report on China’s industrial real estate published today. The NHIDZ, covering an area of 11.7 sq km, was set up in 1992. In March 2009, it won approval from the State Council to become a state-level development zone.
Xiangtan is part of the Chang-Zhu-Tan City Cluster, which is made up of Changsha, Zhuzhou and Xiangtan and is a designated model area for environmentally friendly economic development. The zone enjoys access to a convenient transportation system. The zone is only half an hour from Changsha Huanghua International Airport, which operates routes to 39 major cities, including Shanghai, Guangzhou, Hong Kong, Seoul and Bangkok. The Beijing-Guangzhou Railway and the Xiangtan-Guiyang Railway run through Xiangtan. The Beijing-Shenzhen Highway and the Shanghai-Kunming Highway intersect in the city.
Xiangtan NHIDZ comprises three industrial parks, namely German Industrial Park, Torch Creation & Innovation Park and New Mate-rial Industrial Park. It encourages investment in machinery, energy, new materials, information technology, pharmaceuticals and other High-tech industries.
In 2010, the gross industrial output from Xiangtan NHIDZ reached RMB 55 billion, nearly 50 times the figure in 1992. The zone is home to 128 High-tech industrial enterprises. In 2008, the gross industrial output from the High-tech industrial sector grew 45.3% year on year to RMB 12.1 billion, accounting for one-third of Xiangtan’s total.
In the first quarters of 2011, the utilized FDI in the zone surpassed US$529 million. The zone attracted investments from large multi-national companies including Timken and BASF. Timken, one of the world’s top bearing makers, agreed to set up a US$38-million joint venture with Xiangtan Electric in 2007. The venture mainly manufactures ultra-large bore bearings for wind energy firms in China.
Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries.
|
|
|
|
