Nanchang Economic and Technological Development Zone
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Facts & Figures (2010)
| Rating |
A |
| Year of Establishment |
1992 |
| Land Area |
118 km2 |
| Location |
Nanchang, Jiangxi |
| GDP |
RMB 25.2 billion, 13% up (2009)
RMB 42.3 billion (2010) |
| FDI |
N.A. |
| Utilized FDI |
US$333 million, 26.79% up (2010) |
| Major Investors |
AUX Group, Jiangxi Greatsource Display Tech, Jiangxi Chenming Paper, Nanchang Kaima, Jiangling Motors, et cetera. |
| Major Industries Encouraged |
Air-conditioning, electronics and information technology, automobiles and auto parts, the paper industry |
| Source of Facts & Figures |
Source: Nanchang Economic and Technological Development Zone Administration Committee, Ministry of Commerce, PRC |
| Introduction |
Located in the new Changbei District of Nanchang, the capital of Jiangxi Province, Nanchang Economic and Technological Development Zone (Nanchang ETDZ) was established in 1992, and has 136 research and development institutions. It is adjacent to Meiling in the West, which is a national tourist resort, and stands by the Gan River.
Nanchang ETDZ has a well-developed transportation network. The Nanchang-Jiujiang Expressway runs across the zone. The Beijing-Kowloon Railway passes through Changbei Passenger Station and Changbei Freight Station. Just 10 km from the new Changbei Airport, the zone faces the main channel of the Gan River in the south, where shipping wharves are built. |
| Investment Climate |
In 2009, GDP of Nanchang ETDZ grew 13% to RMB 25.2 billion, accounting for 13.7% of Nanchang’s GDP. Value-added industrial output amounted to RMB 18.82 billion, up 19% year on year.
Nanchang ETDZ’s primary industries are home appliances, electronics and information technology, automobiles and auto parts and papermaking. Representative enterprises include the AUX Group, Jiangxi Greatsource Display Technology, Jiangling Motors and Shandong Chenming Paper.
The most renowned investor in Nanchang ETDZ is Jiangling Motors Co Ltd, which is a company principally engaged in the production of light trucks and SUVs as well as related components. In 2008, JMC sold 95,171 vehicles: 38,290 JMC-series light trucks, 571 minibuses, 26,073 pick-ups, 2,765 Baowei SUVs and 27,472 Ford-Quanshun-series commercial vehicles. It realized a net profit of RMB 784 million, 3.31% more than in 2007 year.
In 2009, the utilized FDI of the zone reached US$275 million, accounting for 17.4% of Nanchang’s total. The export value was US$368 million, up 1% year on year, accounting for 17.3% of the city’s total.
The latest figures show that in the first half of 2010, the export value rose 5.62% to US$235.12 million. In the first three quarters of 2010, value-added industrial output of the zone amounted to RMB 15.48 billion, up 11.64% year on year.
In 2010, the gloss industrial output reached RMB 42.3 billion, and the utilized FDI increased by 26.79% to US$ 333 million. |
| Winning Edge and Limitation |
Winning Edge
- The zone has a well-developed transportation network
- It has a fairly strong industrial base and a complete industrial chain
- There is a large labor force available; labor and land costs are low
- Supplies of water and electricity are in abundance, and communications are well developed
Limitations
- The economic development of the province is lagging behind that of neighboring provinces
- The inland transportation and open-door policies are not as favorable as those of coastal areas
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| The Administration Committee |
Address: 1196 Fenglin Street, Changbei District, Nanchang, Jiangxi, P.R. China 330038
Tel: 86-0791-7039973
Fax: 86-0791-7039973<
Website: www.ncjk.net |
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