- Language: English
- 391 Pages
- Published: October 2012
- Region: Global
Xinjiang Shihezi Economic and Technological Development Zone
- Published: June 2011
- Region: China
- 25 pages
- China Knowledge Press
Xinjiang Shihezi Economic and Technological Development Zone (Shihezi ETDZ) rated “C” by China Knowledge in a research report published today. The area was established in December 1992 and approved by the State Council in April 2000 as a state-level development zone.
Shihezi ETDZ relies mainly on railway and highway transportation. Beijiang Railway, one section of the Eurasian Continental Bridge, runs through the zone. It connects China with Kazakhstan, Russia, Belarus, Poland, Germany and the Netherlands. National Highway 312 and the Urumqi-Kuitun Expressway also traverse the zone. The zone is 136 km away from Urumqi Diwopu International Airport.
In 2010, Shihezi ETDZ’s GDP reached RMB 7.56 billion, increased by 21.3% over the previous year. The value-added industrial output of the zone was RMB 5.43 billion, up 24% year on year; while the gloss industrial output hit RMB 19.62 billion, up by 21%.
The zone’s major industries are textiles, organic food processing, agricultural equipment manufacturing and chemicals. More than five large-scale textile enterprises have been set up in the zone. In addition, there are more than ten food-processing enterprises, and they have a combined annual capacity of 800,000 tons. Xinjiang Tianye engages in the manufacture of plastics, chemical products and citric acid, and has an annual capacity of 260,000 tons of PVC.
According to the zone’s development plans, the spindle scale of the textile industry is expected to amount to 1 million units in five years. Its food processing capacity is expected to total 1 million tons, and the annual capacity of the Chloride-Alkali chemical industry is expected to reach 1.2 million tons.
In 2009, the utilized FDI of the zone reached US$4 million, accounting for 28.6% of Shihezi’s total. The total export value of the zone amounted to US$94 million, decreased 61.61% year-on-year and accounted for 22.2% of the city’s total.
Last year, the zone attracted total investment of RMB 5.24 billion, increased by 66.7% over the previous year. The latest figures show that in the first half of 2010, the export value rose 34.82% to US$79.38 million.
Industrial parks rated C are viewed as least attractive. These industrial parks are not recommended for investment. There are 14 municipal level ‘C’ rating industrial parks among 254 ones rated by China Knowledge since 2003. There is requirement for financing to develop its infrastructure, facilities; and even A&P to attract more companies to set up manufacturing plants. SHOW LESS READ MORE >