Hangzhou Xiaoshan Economic and Technological Development Zone
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Facts & Figures (2010)
| Rating |
A |
| Year of Establishment |
1993 |
| Land Area |
9.2 km2 |
| Location |
Xiaoshan District, Hangzhou, Zhejiang |
| GDP |
RMB 15.73 billion (2009) |
| FDI |
N.A. |
| Utilized FDI |
US$301 million (2010) |
| Major Investors |
Ericsson, CNHTC, Hokin, Aisin, Albany, Itochu, Bray, Rxon, KSK, Marubeni, ZF, Transfar, Screen, Fiat, Yamaha, Fair Friend, Sinotruk, Hempel, GE, Caterpillar, Mitsubishi, Albany, |
| Major Industries Encouraged |
Electronic information, machinery, refined chemicals, construction materials |
| Source of Facts & Figures |
Source: Administration Committee of Hangzhou Xiaoshan Economic and Technological Development Zone |
| Introduction |
Hangzhou Xiaoshan Economic and Technological Development Zone (Xiaoshan ETDZ), approved by the State Council in 1993, has a planned area of 9.2 sq km. It is located in Xiaoshan District, Hangzhou, which is an equal distance of 1.5 hours away from Shanghai, Suzhou, Shaoxing and Ningbo.
Xiaoshan ETDZ is 10 km from Hangzhou Xiaoshan International Airport, which offers 149 domestic flights and 32 international flights per week. It is also 170 km from Shanghai Port and 130 km from Ningbo-Zhoushan Port, two largest ports in China. The zone can be easily reached by land, as the Shanghai-Hangzhou-Ningbo Highway, the Hangzhou-Jinhua-Quzhou Highway run through the zone. |
| Investment Climate |
Hangzhou Jiangdong Industrial Park, Zhejiang CNC Equipment Manufacturing, Xiaoshan High-Tech Park and an extended area of the state-level Hangzhou Software Industrial Base are located in Xiaoshan ETDZ. The park primarily encourages the development of the electronic information, machinery, refined chemicals and building materials industries.
Japan’s Shizuoka Industrial Base and Taiwan Industrial Park of Machinery were established in Xiaoshan ETDZ in 1995. It is one of the densest areas of Japanese and Taiwanese enterprises in Zhejiang Province.
In 2009, Xiaoshan ETDZ’s GDP rose 13.37% and reached RMB 15.7 billion. The zone is home to over 700 domestic and foreign-funded enterprises. In 2009, it generated RMB 13 billion in value-added industrial output, 11.57% more than in the previous year. In 2010, gross industrial output of Xiaoshan ETDZ amounted to RMB 51 billion.
In 2010, the park’s utilized FDI reached US$301 million. Nine Fortune 500 enterprises, including GE and Caterpillar from the U.S., ZF from Germany, and Mitsubishi from Japan, have set up in this development zone. U.S.-based Albany International Corp invested US$99 million in a textile manufacturing project and Sinotruk injected RMB 2 billion into the zone for an engine producing base within the same period. |
| Winning Edge and Limitation |
Winning Edge
- The zone is in an advantageous geographic location. Land, air and waterway traffic systems in coastal cities are quite advanced
- The area is rich in human resources. There are over 36 universities in Hangzhou, along with a large number of vocational and technical schools.
- The zone faces strong competition from the other two state-level parks in Hangzhou, Hangzhou Economic and Technological Development Zone and Hangzhou High-tech Industry Development Zone
- Operating and labor costs are relatively high
- Mineral resources are scarce and the zone suffers from gas and electricity shortages
Limitations
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| The Administration Committee |
Address: 99 North Shixin Road, Xiaoshan District, Hangzhou, Zhejiang, P. R. China 311217
Tel: 86-571 82835906, 82835531, 82835910 ,82835879
Fax: 86-571 82836558, 82835866
website: www.xetz.gov.cn |
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