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Viewing report
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Nanchang Economic and Technological Development Zone
China Knowledge Press, June 2011, Pages: 25
Nanchang Economic and Technological Development Zone (Nanchang ETDZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. Located in the new Changbei District of Nanchang, the capital of Jiangxi Province, the ETDZ was established in 1992, and has 136 research and development institutions. It is adjacent to Meiling in the West, which is a national tourist resort, and stands by the Ganjiang River.
Nanchang ETDZ has a well-developed transportation network. The Nanchang-Jiujiang Expressway runs across the zone. The Beijing-Kowloon Railway includes both a Changbei Passenger Station and a Changbei Freight Station. Just 10 km from the new Changbei Airport, the zone faces the main channel of the Ganjiang River in the south, where shipping wharves are built.
In 2009, GDP of Nanchang ETDZ grew 13% to RMB 25.2 billion, accounting for 13.7% of Nanchang’s GDP. Value-added industrial output amounted to RMB 18.82 billion, up 19% year on year.
The ETDZ’s primary industries are home appliances, electronics and information technology, automobiles and auto parts and papermaking. Representative enterprises include the AUX Group, Jiangxi Greatsource Display Technology, Jiangling Motors and Shandong Chenming Paper.
The most renowned investor in Nanchang ETDZ is Jiangling Motors Co Ltd, which is a company principally engaged in the production of light trucks and SUVs as well as related components.
In 2009, the utilized FDI of the zone reached US$275 million, accounting for 17.4% of Nanchang’s total. The export value was US$368 million, up 1% year on year, accounting for 17.3% of the city’s total.
The latest figures show that in the first half of 2010, the export value rose 5.62% to US$235.12 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 15.48 billion, up 11.64% year on year.
In 2010, the gloss industrial output reached RMB 42.3 billion, and the utilized FDI increased by 26.79% to US$ 333 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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