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Chongqing New North Zone
China Knowledge Press, June 2011, Pages: 25
Chongqing New North Zone (Chongqing NNZ) rated “BB” by China Knowledge in a research report on China’s industrial real estate published today. The NNZ was approved and established by the Chongqing municipal government in December 2000 as a municipal-level development zone.
With a land area of 136.6 sq km, Chongqing NNZ is the largest development zone in the city. Strictly speaking, it is not an industrial park, but a city district. Chongqing Economic and Technological Development Zone-Northern Zone (Chongqing ETDZ-NZ), Chongqing High-tech Industrial Development Zone-Northern Zone (Chongqing HIDZ-NZ), Chongqing Export Processing Zone (Chongqing EPZ) and Chongqing Cuntan Port Zone are under the administration of Chongqing NNZ.
Chongqing ETDZ-NZ, with a land area of 83.7 sq km, is a vital part of Chongqing NNZ. It is located in the northern part of Chongqing NNZ adjacent to Jiangbei International Airport and Cuntan Container Terminal. The state-level Chongqing EPZ is also located in Chongqing ETDZ-NZ. According to development plans, Chongqing ETDZ-NZ will construct its own Export Processing Zone, Automobile Industry Park, Environmental Protection Industrial Park, Science and Technology Industrial Park, and Central Business
District.
Chongqing HIDZ-NZ, with a land area of 50 sq km, is located in the southern part of Chongqing NNZ and is the largest industrial zone of Chongqing High-tech Industrial Development Zone (Chongqing HIDZ). According to development plans, Chongqing HIDZ-NZ will build Chongqing Photovoltaic Industry Base, Chongqing Software Industry Base, Chongqing Medical Device Industry Base and Chongqing New Materials Industry Base.
Chongqing Cuntan Port Zone is also part of Chongqing NNZ. The zone’s construction began in June 2003. Investment in the zone totals RMB 1.5 billion. When the first phase of construction was completed in 2005, the zone had an annual throughput capacity of 200,000 standard containers. In 2009, Chongqing NNZ’s gross industrial output was RMB 139.3 billion, and accounted for 23% of the city’s total. The output from automobile and parts was RMB 86.5 billion and up by 34.7%.
By the end of 2009, Chongqing NNZ had introduced 3,551 projects, involving total investment of RMB 126.5 billion. There were 868 foreign-invested companies, and their gross investment totaled US$8.2 billion. Fifty Fortune 500 companies have established a presence in Chongqing NNZ.
According to Chongqing NNZ’s plan, the annual industrial output of the zone will reach RMB 300 billion by the end of 2012.
Industrial parks rated BB are considered attractive at a below-average level. Industrial parks with this rating are typically either in the development stage or are lacking certain important elements. There are 50 with BB rating among 254 national and municipal level industrial parks.
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