Hangzhou Export Processing Zone
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Facts & Figures (2010)
| Rating |
BBB |
| Year of Establishment |
1993 |
| Land Area |
3 km2 |
| Location |
Hangzhou, Zhejiang |
| GDP |
RMB 9.88 billion (Jan - Sep 2010) |
| FDI |
N.A. |
| Utilized FDI |
US$144.5 billion (as of Jun. 30, 2008) |
| Major Investors |
Toshiba, Alcoa, Matsushita, Yazaki, Lamons, Yano, Sipporra Busy Toy, CSI Closure Systems, Panasonic |
| Major Industries Encouraged |
Electronics, home appliances, telecommunications |
| Source of Facts & Figures |
Source: Administrative Committee of Hangzhou Export Processing Zone |
| Introduction |
Hangzhou Export Processing Zone (Hangzhou EPZ), which received approval from the State Council in 2000, has an area of 3 sq km. Nestled in the Hangzhou Economic and Technological Development Zone east of Hangzhou, it is located an equal distance from Shanghai, Suzhou, Shaoxing and Ningbo. The zone is a mere 90-minute drive from any of the four cities.
Hangzhou EPZ is 15 km from Hangzhou Xiaoshan International Airport. It is also close to Ningbo-Zhoushan Port and Shanghai Port, two of China’s most important deep-water ports. The Hangzhou-Nanjing Expressway, the Shanghai-Hangzhou Expressway, the Hangzhou-Jinhua-Qutang Expressway and the Hangzhou-Ningbo Expressway run through the zone. Additionally, the zone also has a well-established railway network, as the Shanghai-Hangzhou Railway, the Zhejiang-Jiangxi Railway, the Xiaoshan-Ningbo Railway and the Xuancheng-Hangzhou Railway intersect in Hangzhou. |
| Investment Climate |
By Sep 2010, the zone’s gross industrial output reached RMB 9.88 billion. Export value was US$1.33 billion, up 62.8% year on year.
Electronics, telecommunications and home appliance industries are the major industries in Hangzhou EPZ. Between January and June in 2008, the zone generated an industrial output value of RMB 4.7 billion from the electronics industry, which accounted for 85.5% of the export processing zone’s total.
In addition, it has attracted a number of Fortune 500 enterprises, including Matsushita and Alcoa. The zone’s FDI totaled US$144 million in the first half of 2008, nearly triple the amount in the same period in the previous year. |
| Winning Edge and Limitation |
Winning Edge
- The zone has a well-established industrial and economic base
- It is in an advantageous location
- It has strong ties with Hangzhou Economic and Technological Development Zone, which provides potential customers and suppliers
- It has access to rich human resources and a large talent pool
Limitations
- Many export-oriented enterprises in the zone are affected by the global economic downturn
- Mineral resources are scarce and the zone suffers from electricity shortages
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| The Administration Committee |
Address: Yindu Mansion (Xiasha), Hangzhou Economic and Technological Development Zone, Hangzhou, Zhejiang, P.R. China 310018
Tel: 86-571 86714100 ,86736887
Fax: 86-573 86911747
Website: www.heda.gov.cn www.hzqt.net |
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