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Viewing report
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Hohhot Economic and Technological Development Zone (including Hohhot Export Processing Zone)
China Knowledge Press, June 2011, Pages: 25
Hohhot Economic and Technological Development Zone (Hohhot ETDZ) rated “BBB” by China Knowledge in a research report published today. Located in Hohhot, the capital of the Inner Mongolia Autonomous Region, the zone was established in 1992, and approved by the State Council in July, 2000, as a state-level economic- and technological-development zone.
Hohhot ETDZ consists of an eastern section called Ruyi District and a western section called Jinchuan District, and covers a total area of 9.8 sq km. Hohhot Export Processing Zone is located in the western section and has an area of 2.2 sq km. It was established and approved by the State Council in June 2002, as a state-level export-processing zone.
In 2009, the zone’s GDP was RMB 13.1 billion, up 35.72% year on year, accounting for 8% of Hohhot’s GDP. Value-added industrial output amounted to RMB 12 billion, up 39.17% year on year.
Hohhot ETDZ’s pillar industries are electronic information, dairy products and green food-processing, gold- and silver-refining and purification, new materials, biopharmaceuticals and textiles. Representative enterprises include Yili, TCL, Qiankun Gold and Silver Refinery Share Co Ltd, Sanjili Rare Earth Co Ltd, Shuangqi Pharmaceutical Co Ltd, and Hohhot Viction Interior Co Ltd.
In 2009, utilized FDI of the zone reached US$178 million, accounting for 23% of Hohhot’s total, while total export value of the zone amounted to US$60 million, accounting for 17% of the city’s total.
The latest figures show that in the first half of 2010, the export value rose 22.29% to US$50.19 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 7.1 billion, decreased 14.83% year on year, while the gross industrial output hit RMB 21.4 billion, increased by 12.55%. The utilized FDI fell 24.9% to US$118.36 million.
Industrial parks rated BBB are considered attractive at an average level. They have less-than-adequate investment conditions and may have some flaws. They may be promising industrial parks but there are uncertainties regarding future development. Most of these are industry specific theme park that caters to fewer industries. There are 60 such BBB rating out of 254 national or municipal-level industrial parks where many are seeking to transform or upgrade its facilities to attract new economy industries.
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