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Kunming High-tech Industrial Development Zone
China Knowledge Press, June 2011, Pages: 25
Kunming High-tech Industrial Development Zone (Kunming HIDZ) rated “BBB” by China Knowledge in a research report published today. The area was established and approved by the State Council in 1992 as a state-level development zone. The zone, with a land area of 9 sq km, is located in the northwestern part of the city. However, the Kunming government has allocated 20 sq km of land in southern Kunming’s Majinpu Village as an additional new zone of Kunming HIDZ. There are 38 universities and colleges located in Kunming. These institutes for higher education supply talent for the zone’s development.
In 2010, Kunming HIDZ’s value-added industrial output was RMB 10.25 billion, up 30.4% year on year. The zone’s pillar industries are new materials, biotechnology, environmental protection technology, mechanical and electrical integration, information technology, and agricultural high-tech industries.
By the end of 2010, the zone attracted 5353 enterprises, among them, 48 enterprises generated revenue over RMB 100 million each; while 12 enterprises generated revenue over 1 billion each. Last year, the utilized FDI hit US$243 million, increased by 49.24% over the previous year.
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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