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Chongqing Economic and Technological Development Zone (Including Chongqing Export Processing Zone)
China Knowledge Press, June 2011, Pages: 25
Chongqing Economic and Technological Development Zone (Chongqing ETDZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. The ETDZ was approved and established by the State Council in 1993 as a state-level development zone.
Chongqing ETDZ is divided into two zones: the Southern Zone and the Northern Zone. Located in the southern part of Chongqing, the Southern Zone is linked to Chongqing’s downtown area by the Chongqing Yangtze River Bridge. It is 3 km from Chongqing Railway Station, 5 km from Chongqing Passenger Transport Dock and 28 km from Chongqing Jiangbei International Airport.
The Northern Zone, with a total land area of 83.7 sq km, is adjacent to Jiangbei International Airport and 1 km from Cuntan Container Dock. Four freeways pass through the zone. The state-level Chongqing Export Processing Zone (Chongqing EPZ), which has a total land area of 3 sq km, is located within Chongqing ETDZ’s Northern Zone. The EPZ is next to State Highway 210, and 6 km and 9 km from Chongqing’s downtown and Jiangbei International Airport, respectively.
In 2009, Chongqing ETDZ’s GDP grew 14.48% to RMB 27.92 billion. Chongqing ETDZ’s pillar industries are automobiles and motorcycles, information technology, biopharmaceuticals, fine chemicals, new materials, green foods processing and garments. At the end of 2010, there were over 400 foreign-invested companies within the zone. More than 20 of these, including Ford, Metro, Ericsson, Honda, Visteon, BP, Suzuki, Denso, Kansai and Formosa Petrochemical, were Fortune 500 companies.
The auto industry is the most important of the zone’s industries. There are three automakers and 62 auto parts manufacturing enterprises located within the zone. Between January and March of 2008, enterprises in the zone produced 70,000 automobiles, realizing a gross industrial output of RMB 10.6 billion and accounting for 74.8% of the zone’s total.
In the first half of 2010, the export value increased by 104.94%, and reached US$ 293.39 million. In the first three quarters of 2010, value-added industrial output of the zone rose by 38.69% to RMB 18.19 billion while gross industrial output hit RMB 65.56 billion, up by 22%.
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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