Nanning Economic and Technological Development Zone
- ID: 1946392
- June 2011
- Region: China
- 25 pages
- China Knowledge Press
Nanning Economic and Technological Development Area (Nanning ETDA) rated “A” by China Knowledge in a research report published today. Located in Nanning, which is the capital of Guangxi Zhuang Autonomous Region, the area was established in 1992 and approved by the State Council in May 2001 as a state-level economic and technological development zone.
Nanning ETDA is 3 km from the Nanning Railway Freight Station, 5 km from Nanning Beida Terminal and 15 km from Nanning International Airport. The Jiangnan passenger transportation station is located in Nanning ETDA.
In 2009, GDP of Nanning ETDZ grew 14.79% to RMB 8.7 billion, accounting for 5.8% of Nanning’s total. Value-added industrial output amounted to RMB 5.51 billion, up 10.76% year on year.
By the end of 2009, more than 350 enterprises had set up in Nanning ETDA. Their combined registered capital was RMB 1.76 billion. The five pillar industries, namely, biopharmaceuticals, machinery, electronic information, food processing and auto parts, realized gross output value of RMB 10.6 billion in 2009. This value accounted for 75% of the area’s total generated by enterprises of the designated size or above.
In 2010, the zone attracted 133 new projects with total investment of RMB 6.79 billion. Among these, Master Kong beverage project invested RMB 1.9 billion, became the biggest project of the zone.
The latest figures show that in the first half of 2010, the export value rose 124.29% to US$88.55 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 4.49 billion, up 8.72% year on year. The utilized FDI rose 131.24% to US$18.06 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. SHOW LESS READ MORE >