Shanghai Baoshan Industrial Zone
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Facts & Figures (2010)
| Rating |
B |
| Year of Establishment |
2003 |
| Land Area |
23 km2 |
| Location |
Baoshan District, Shanghai |
| GDP |
RMB 5 billion |
| FDI |
US$100 million (cumulative, contracted) (2009) |
| Utilized FDI |
N.A |
| Major Investors |
SKF, Waldmann, Veldkamp, SCII, Songchuan, Wangyuan, Solcom, Evapco, CYM Industrial, Hilong Group, Shanghai KLN Group |
| Major Industries Encouraged |
metallurgy, electronics, fine chemicals |
| Source of Facts & Figures |
Source: Administration Committee of Shanghai Baoshan Industrial Zone |
| Introduction |
Shanghai Baoshan Industrial Zone (Shanghai Baoshan IZ) is located in Baoshan District in the northeastern part of Shanghai. It is comprised of Baoshan Urban Industrial Zone, Luodian Industrial Sub-zone and Jiading Xuhang Industrial Zone. Shanghai Baoshan IZ was approved by the Shanghai municipal government as a municipal-level development zone in 2003 and has a planned area of 23 sq km.
Shanghai Baoshan IZ is a mere 28 km from the People’s Square, the city center in Shanghai, and enjoys convenient transportation conditions. Shanghai Hongqiao Airport and Shanghai Pudong International Airport are 34 km and 35 km from the zone, respectively. The Shanghai Railway Cargo Station is 6 km from the zone, while the Shanghai-Nanjing Expressway and the Shanghai-Hangzhou Expressway connect the zone with other major cities in the Yangtze River Delta. |
| Investment Climate |
Metallurgy is the strongest industry in Shanghai Baoshan IZ. Shanghai Baoshan Iron & Steel Group (Baosteel Group), located nearby, gives the zone a geographic advantage in the development of metallurgy and related industries. Baosteel Group, formed in 1978, is China’s largest steelmaker. In 2008, it produced 25.4 million tons of steel, ranking third in the world. In addition to metallurgy, the zone also encourages investment in electronics and fine chemicals. In 2010, the zone generated RMB 5 billion in gross industrial output value.
By the end of 2010, 20 foreign-funded projects had been set up in the zone and the contracted FDI in the zone had reached more than US$100 million. The zone has attracted investment from a large number of both foreign and domestic firms, including SKF, Waldmann, Veldkam, Solocom, Evapco, CYM Industrial, Hilong Group, Shanghai KLN Group and SCII. SKF, the largest bearings maker in the world, invested a total of US$2.9 million to set up a unit in the zone. The unit, covering an area of 3,584 sq m, commenced trial operation in 2007. Germany-based Waldmann Holding GmbH, a lighting system specialist, entered the park with an investment value exceeding US$1.2 million in 2006. Its unit in the zone commenced operation in 2007 and is expected to bring RMB 10.4 million in sales revenue to the firm annually. |
| Winning Edge and Limitation |
Winning Edge
- Shanghai is the economic hub in mainland China
- Proximity to China’s largest steelmaker, Baosteel, makes the park a good place to develop steel and related industries
Limitations
- The zone has a smaller economy than state-level development zones in Shanghai
- It faces competition from other development zones in Shanghai
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| The Administration Committee |
Address: No. 1688, Jinshi Road, Baoshan District, Shanghai, P.R. China 200949
Tel: 86-21-66879800
Website: www.sbiz.gov.cn |
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