Chongqing High-tech Industrial Development Zone
- ID: 1946363
- June 2011
- Region: China
- 25 pages
- China Knowledge Press
Chongqing High-tech Industrial Development Zone (Chongqing HIDZ) rated “A” by China Knowledge in a research report on China’s industrial real estate published today. The HIDZ was approved and established by the State Council in March 1991 as a state-level development zone. Three subsidiary zones, Shiqiaopu High-tech Development Zone, Erlang Science and Technology New Town, and Chongqing High-tech Industrial Development Zone (Northern Zone), fall under the jurisdiction of Chongqing HIDZ.
Shiqiaopu High-tech Development Zone and Erlang Science and Technology New Town are located in the southern part of Chongqing while the 50-sq km Chongqing High-tech Industrial Development Zone (Northern Zone) is 7 km north of Chongqing’s downtown, 20 km from Jiangbei International Airport and 6 km from the railway station.
Chongqing is rich in advanced human resources. It has 56 colleges and universities that produced 130,000 graduates in 2010. Four key national-level laboratories and five national level engineering research centers are also located in the city. These institutions are able to provide plenty of highly skilled talent for the development of Chongqing HIDZ.
In 2010, Chongqing HIDZ’s GDP reached RMB 30 billion, accounting for 3.8% of the city’s total.
The zone’s pillar industries are information technology, biopharmaceuticals, new materials, and mechanical and electronic integration. There are approximately 4,000 science and technology enterprises registered with Chongqing HIDZ, 200 of which are high-tech enterprises.
Representative firms in the pillar industries include Chongqing Hongsheng New Thought Information Industry, Chongqing Huapont Pharmaceuticals, Chongqing Duke Enterprises and Chongqing Lifan Industrial.
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. SHOW LESS READ MORE >