Ningbo Economic and Technological Development Zone
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Facts & Figures (2010)
| Rating |
AA |
| Year of Establishment |
1984 |
| Land Area |
29.6 km2 |
| Location |
Ningbo, Zhejiang |
| GDP |
RMB 37.6 billion, 6.46% up (2009)
RMB 118.2 billion (Jan-Sep 2010) |
| FDI |
N.A |
| Utilized FDI |
US$436.42 million, 16.75% down (Jan-Sep 2010) |
| Major Investors |
Exxon-mobile, Samsonite, Dow Chemical, Dupont, BP, Philips, Samsung, Mitsubishi, AXA, Sumitomo, Mitsui, Geely |
| Major Industries Encouraged |
Chemical, stainless steel, shipbuilding, automobiles, modern paper making, electric machinery, textiles |
| Source of Facts & Figures |
Source: Administration Committee of Ningbo Economic and Technical Development Zone |
| Introduction |
Ningbo Economic and Technical Development Zone (Ningbo ETDZ), one of China’s oldest and largest state-level development zones, was approved by the State Council in 1984. It covers an area of 29.6 sq km. Ningbo Free Trade Zone, Ningbo Export Processing Zone and Ningbo Bonded Logistic Zone are located in Ningbo ETDZ, and Ningbo Daxie Development Zone is located nearby.
The zone is 27 km from downtown Ningbo and quite close to Shanghai, the economic and financial center of China. The Shanghai-Hangzhou-Ningbo Highway runs directly to this development zone, which is only a 3-hour drive from Shanghai. The Ningbo Lishe Airport offers more than 30 routes linking Ningbo with other major domestic cities.
Ningbo ETDZ is located in the rear area of Beilun Harbor in Ningbo-Zhoushan Port, the top natural deep-water ports of China. In 2009 it handled 577 million tons of cargo, ranking first in China. Ningbo-Zhoushan Port has the largest specialized dock for storage of liquidized chemical products. Beilun Railway connects this area with the national railway network through the Xiaoshan-Ningbo Railway, the Shanghai-Hangzhou Railway and the Zheliang-Jiangxi Railway. |
| Investment Climate |
In 2009, GDP of Ningbo ETDZ surpassed RMB 37.6 billion, increasing by 6.46% from the previous year. Its GDP made up 8.9% of Ningbo’s total. In 2009, value-added industrial output of the park rose 5.09% to RMB 23.8 billion.
The zone emphasizes high-tech industries such as modern paper making and electric machinery, as well as traditional industries such as chemicals, stainless steel manufacturing, shipbuilding and textiles. It also focuses on the development of the automobile industry.
Geely Auto, which is based in Hangzhou, was set up in 1986 and started producing sedans in 1997. In 2009, it sold 325,413 units, up 59% year on year. In 1999, Geely launched Zhejiang Geely Auto Co Ltd (formerly Ningbo Merrie Automobile) in Ningbo ETDZ, which became one of Geely’s six manufacturing bases on the mainland. Its production capacity hit 10,000 units in Jan, 2008.
By the end of 2009, more than 1,500 foreign-funded enterprises have been established in this zone, with contracted foreign investment accumulating to US$11 billion. In 2009 alone, the zone’s utilized FDI amounted to US$571 million. Large companies including Exxon-mobile, Samsonite, Dow Chemical, DuPont and BP have already set up business in the zone. The export value fell 11.02% to US$4.68 billion in 2009.
The latest figures show that in the first half of 2010, value-added industrial output of Ningbo ETDZ amounted to RMB 20.11 billion, up 36.34% year on year. The utilized FDI fell 16.75% to US$436.42 million (from Jan to Sep 2010), while the export value rose 39.78% to US$4.2 billion. |
| Winning Edge and Limitation |
Winning Edge
- The zone has a well-established industrial base
- Several convenient modes of transportation are available
- Port-related business is well-developed. The Ningbo-Zhoushan Port is one of the busiest ports in China. It ranks fourth after Shanghai, Hong Kong, Shenzhen and Guanghzhou in China
Limitation
- Land costs and labor costs are rising
- Land and natural resources are scarce
- The zone is very dependent on exports
- The available manpower is less skilled than in the neighboring cities of Shanghai and Hangzhou
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| The Administration Committee |
Address: F4, New Administrative Building, 1166 Changjiang Rd, Beilun, Ningbo, Zhejiang, P.R. China 315800
Tel: 0086 574 86883420
Fax: 0086 574 86885325
Website: www.netd.com.cn www.nbinvest.gov.cn |
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