Jiaxing Export Processing Zone
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Facts & Figures (2010)
| Rating |
C |
| Year of Establishment |
2003 |
| Land Area |
2.98 km2 |
| Location |
Jiaxing, Zhejiang |
| GDP |
N.A. |
| FDI |
N.A. |
| Utilized FDI |
N.A. |
| Major Investors |
POVOS, Xunlei Bearing, Active-7, Jiasheng Auto Parts, Dafeng Refrigerants |
| Major Industries Encouraged |
Machinery, electronics, fine equipment and tools. |
| Source of Facts & Figures |
Source: Administrative Committee of Jiaxing Export Processing Zone |
| Introduction |
Jiaxing Export Processing Zone, approved by the State Council in March 2003, has a total area of 2.98 sq km. It is one of the three state-level export processing zones in Zhejiang. The zone is located in the southern part of the Yangtze River Delta on the northern bank of the Hangzhou Bay, adjacent to Shanghai Pudong New Area. It is about 100 km from Shanghai, Hangzhou, Suzhou and Ningbo, the four major cities in the Yangtze River Delta. The Hangzhou Bay Bridge greatly minimizes the distance from Jiaxing to Shanghai.
The zone is 2 km from the Zhapu-Jiaxing-Suzhou Expressway. In addition, the Shanghai-Hangzhou Expressway connects the zone with Shanghai Hongqiao Airport and Pudong International Airport. It also has good access to water transportation. Jiaxing (Zhapu) Port, which ranked eighth in terms of coal throughput in the first half of 2008, is only 2 km away. The Grand Canal, the longest man-made canal in the world, is connected with Jiaxing Port, forming a well-developed waterway network for the zone.
In Jan 2010, Jiaxing Export Processing Zone (Zone B) was set up, which covers an area of 1.65 sq km. By Aug 2010, the contracted FDI reached US$ 223 million. |
| Investment Climate |
The zone, aiming to be the distribution center for high-tech industries in Hangzhou Bay, encourages investment in the machinery, electronics, fine equipment and tool manufacturing industries.
The Jiaxing Export Processing Zone’s first project was Jiaxing Xunlei Bearing, which is capable of producing 120 million mini bearings annually. In the first half of 2008, the zone attracted 15 foreign-funded projects, with a total investment of over US$71 million from abroad and RMB 200 million domestically. POVOS, Active-7, Jiasheng Auto Parts and Dafeng Refrigerants have already set up in the zone. |
| Winning Edge and Limitation |
Winning Edge
- The zone has access to an advanced transportation network that includes waterways, airways and roads
- The zone is in an advantageous geographic location. It lies in the center of the area between Hangzhou, Ningbo and Shanghai, the three economic powerhouses of the Yangtze River Delta
Limitation
- The zone does not have a strong economic base
- There is only one university in Jiaxing, so the zone lacks a sufficient supply of local talent
|
| The Administration Committee |
Address: No. 1 Dongfang Avenue, Jiaxing Zhapu Economic Development Zone, Jiaxing, Zhejiang, P.R. China 314201
Tel: 0086 573 5588106 5588122 5581748
Fax: 0086 573 5581748
Website: www.jxepz.gov.cn |
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