Kunming Economic and Technological Development Zone
- ID: 1946412
- June 2011
- Region: China
- 25 pages
- China Knowledge Press
Kunming Economic and Technological Development Zone (Kunming ETDZ) rated “BBB” by China Knowledge in a research report published today. The area was established in May 1992 and approved by the State Council in February 2000 as a state-level development zone.
Located in the eastern part of Kunming, Kunming ETDZ has a well-developed transportation network. It is 4 km and 2 km from the South Railway Station and East Railway Station, respectively. Kunming Wujiaba International Airport, which ranked seventh in terms of both passenger throughput and freight throughput in China in 2008, is only 1.8 km from Kunming ETDZ. The Kunming-Shilin Expressway and the Kunming-Yuxi Expressway are also adjacent to the zone.
In 2009, Kunming ETDZ’s GDP was RMB 7.42 billion, up 26.49% year on year. It accounted for about 4.1% of the city’s total. The value-added industrial output of the zone was RMB 4.21 billion, up 24.6% year on year.
Kunming ETDZ’s pillar industries are tobacco processing, machinery manufacturing, electronic information and biotechnology. Representative enterprises include Yunnan Tobacco Leaf, Kunming Shipbuilding Equipment, Kunming Su-well Biotechnology, Kunming Boiler, Kunming Jindian Pharmaceutical and Yunnan Green-Land Biological Technology.
In 2009, there were 25 enterprises with an annual industrial output of over RMB 100 million each. Together, they generated an industrial output of RMB 10.9 billion, accounting for 81.8% of the zone’s total. The utilized FDI of the zone reached US$129 million, accounting for 17.7% of Kunming’s total. The total export value of the zone amounted to US$338 million, rose 140.82% year on year and accounting for 11.4% of the city’s total.
The latest figures show that in the first half of 2010, the export value rose 739.11% to US$329.94 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 4.65 billion, up 38.13% year on year; while the gloss industrial output increased by 35.73% to RMB 15.85 billion. The utilized FDI rose 184.7% to US$167.23 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. SHOW LESS READ MORE >