Baotou National Rare-Earth High-Tech Industrial Development Zone
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Facts & Figures (2010)
| Rating |
BBB |
| Year of Establishment |
1990 |
| Land Area |
49 km2 |
| Location |
Baotou, Inner Mongolia |
| GDP |
RMB 22.74 billion, 20% up |
| FDI |
N.A |
| Utilized FDI |
N.A |
| Major Investors |
Shenhua Group, King Deer Group, Xinjiang Goldwind Sci. & Tech. Co. Ltd., Zhonghang Huiteng Wind Power Equipment Co. Ltd., et cetera. |
| Major Industries Encouraged |
rare earth metals, aluminum processing, copper smelting and processing, chemicals, motors and machinery engineering, silicon processing |
| Source of Facts & Figures |
Source: Baotou National Rare-earth High-tech Industrial Development Zone |
| Introduction |
Located in Baotou, the largest industrial city in the Inner Mongolia Autonomous Region, the Baotou National Rare-Earth High-Tech Industrial Development Zone (Baotou NREHTIDZ) was established in November, 1990, and approved by the State Council in November, 1992, as a state-level development zone.
Baotou NREHTIDZ has a well-developed traffic network; it is a mere 6 km away from the train station, and a further 16 km from the Baotou Erliban airport. |
| Investment Climate |
In 2010, the GDP of the zone amounted to RMB 22.74 billion, accounting for 9.2% of city’s total. As of the end of 2010, the zone had 2476 registered enterprises, among which, 54 are high-tech enterprises, accounting for 93% of city’s total.
The three major industries are rare earth metals, aluminum bronze and electrical- and mechanical-manufacturing. The total industrial output of these three industries accounted for about three-quarters of the total of that from the enterprises of the designated size and above in the city.
In 2008, the output of rare-earth permanent magnet material accounted for 6% of China’s total, while output of hydrogen storage material and polishing material accounted for 9.8% and 30% of the country’s totals, respectively. |
| Winning Edge and Limitation |
Winning Edge
- The zone is near to Russia and Mongolia.
- Labor and land costs are low.
- Baotou is rich in natural resources, especially rare earth metals.
Limitations
- There is a lack of high-level talents and advanced management concepts.
- Transportation costs are higher than in central and coastal cities.
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| The Administration Committee |
Address: 89 Areding Street, Rare Earth Building, Baotou National Rare-Earth Hi-Tech Industrial Development Zone China 014010
Tel: 86-472- 5118888/ 5159784
Fax: 86-472- 5159784
Website: www.rev.cn |
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