Changzhou National High-tech District (including Changzhou Export Processing Zone)
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Facts & Figures (2010)
| Rating |
A |
| Year of Establishment |
Changzhou NHTD: 1992
Changzhou EPZ: 2005 |
| Land Area |
Changzhou NHTD: 5.63 km2
Changzhou EPZ: 1.66 km2 |
| Location |
Changzhou, Jiangsu |
| GDP |
RMB 50 billion, 23.5% up |
| FDI |
US$1.2 billion(2010), 5.3 billion (cumulative) |
| Utilized FDI |
US$812 million(2010), 3.2 billion (cumulative) |
| Major Investors |
GE, IMETAL, Mannesmann, Anglia, DISA, George Fisher, Flextronics, Amphend, Iveco, Matther & Toledo, Leoni, Jujitsu, OKI, Bridgestone, Hitachi, Komatsu, Itochu, Kymco, Sunball, Nippon |
| Major Industries Encouraged |
Changzhou NHTD: optical-mechanical-electronic integration, pharma-ceutical, fine chemicals Changzhou EPZ: foreign trade, warehousing, logistics |
| Source of Facts & Figures |
Source: Administration Commission of Changzhou National High-tech District |
| Introduction |
Changzhou National High-tech District (Changzhou NHTD), formerly Changzhou High-tech Industrial Development Zone, is located in the northern part of Changzhou.It is about 170 km from Shanghai, the economic and commercial hub of China. It was approved by the State Council as a state-level development zone in 1992. Changzhou Export Processing Zone (Changzhou EPZ), located within Changzhou NHTD, was approved in 2005. Changzhou NHTD has an area of 5.63 sq km while Changzhou EPZ has an area of 1.66 sq km.
Changzhou NHTD is 15 km from Changshu Airport, which offers flights to Beijing, Guangzhou, Shenzhen, Shenyang, Kunming, Harbin and Dalian. Shanghai Pudong International Airport and Nanjing Lukou International Airport are 200 km and 120 km away, respectively. Changzhou Port, 150 km from Shanghai Port, is one of the major inland river ports along the Yangtze River. Changzhou NHTD is situated only 1 km from the Shanghai-Nanning Expressway and is accessible via the Beijing-Shanghai Railway. |
| Investment Climate |
Changzhou NHTD encourages the optical- mechanical-electronic integration, pharmaceutical and fine chemical industries. Changzhou EPZ encourages investment in foreign trade, warehousing and logistics.
In addition to the export processing zone, Changzhou NHTD also contains several special parks, which include a software park, an animation park, a pharmaceutical park, an international environment protection industrial park and Riverside Industrial Zone.
In 2010, the GDP of Changzhou NHTD rose 23.5% year on year to RMB 50 billion, making up 20% of Changzhou’s total. The sales revenue of the zone exceeded RMB 162.2 billion, contributing over one-fifth of its home city’s total. The cumulative utilized FDI in the zone hit US$3.2 billion.
By the end of 2010, 29 Fortune 500 enterprises, including Hyundai, Bridgestone, Magna, Saint-Gobain, the Linde Group, Arcelor Mittal, GE, Kohler, Ashland, Komatsu, and Denso, had set up businesses in the zone.
In 2010, the foreign trade value of Changzhou NHTD reached US$8.67 billion. The export value jumped 54% year on year to US$5.11 billion. |
| Winning Edge and Limitation |
Winning Edge
- The zone lies in the center of the Yangtze River Economic Zone and benefits from the economic spillover from major cities such as Shanghai, Nanjing and Suzhou.
- It has access to a well-developed transportation system.
- Costs are lower than in other major cities in Jiangsu
Limitations
- The zone faces strong competition from other state-level zones in the area.
- The economic development of Changzhou lags behind that of other cities in the province.
- The area lacks talent and is weak in research and development. It lacks a prestigious university
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| The Administration Committee |
Address: 8 Hengshan Road, Changzhou, Jiangsu 213022 P. R. China
Tel: 0086-519-85107129, 85127093
Fax: 0086-519-85127710
Website: www.cznd.com |
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