Wuxi New District (Formerly Wuxi High-tech Industrial Development Zone)
|
Facts & Figures (2010)
| Rating |
AA |
| Year of Establishment |
1992 |
| Land Area |
9.45 km2 (area of Wuxi High-tech Industrial Development Zone) |
| Location |
Wuxi, Jiangsu |
| GDP |
RMB 70.8 billion, 18% up (2008) |
| FDI |
US$2.1 billion (contracted) (2008) |
| Utilized FDI |
US$1.3 billion (2008) |
| Major Investors |
Sony, Panasonic, Toshiba, Sharp, Nikon, GE, Kodak, LG, Siemens, Bosch, COFCO, Maxell, Hitachi, Matsushita, Roche, Auchan, Penta, Volvo, Bayer, Hynix, Little Swan, Agfa, Bekaert Textiles |
| Major Industries Encouraged |
electronics, information technology, optical-mechanical–electronic integration, new energy, materials, energy conservation |
| Source of Facts & Figures |
Source: Wuxi Statistic Bureau |
| Introduction |
Wuxi New District (Wuxi ND) is located in the suburban part of Wuxi, approximately 120 km to Shanghai. It was formerly known as Wuxi High-tech Industrial Development Zone, a state-level development zone approved by the State Council in 1992.
The Shanghai-Beijing Railway and the Xincheng Railway intersect in Wuxi ND. The Shanghai-Beijing Express Railway, which is currently under construction, will pass to the northeast of Wuxi ND. When the railway is finished in 2010, it will take approximately thirty minutes to get from Wuxi ND to Shanghai and four and a half hours to get from Wuxi ND to Beijing.
Wuxi Airport, located within the district, operates daily flights to Hong Kong, Beijing, Guangzhou and other major cities. Shanghai Pudong International Airport, Shanghai Hongqiao Airport and Nanjing Lukou International Airport are all located within a two-hour drive of Wuxi.
The Beijing-Shanghai Highway, the Tongjiang-Sanya Highway and the Shanghai-Chengdu Highway all intersect in Wuxi, while the Shanghai-Nanjing Expressway, the Zhejiang-Shanghai-Jiangsu Expressway,
State Highway 312 and State Highway 104 run directly across the city. Shanghai Port is just 165 km away from Wuxi; Jiangyin Port, however, is even closer at a mere 38 km away. |
| Investment Climate |
In 2008, the GDP in Wuxi ND had reached RMB 70.8 billion, contributing over 16% to Wuxi’s GDP. Wuxi ND had attracted a total of over 1,500 foreign-invested projects. Utilized FDI in the zone exceeded US$1.3 billion in 2008. Over 60 Fortune 500 enterprises have established over 80 projects in Wuxi ND. Major investors include Sony, Panasonic, Toshiba, Sharp, Nikon, GE, Kodak, LG, Siemens, Bosch, COFCO, Maxell, Hitachi, Matsushita, Roche, Auchan, Penta, Volvo, Bayer, Hynix, Little Swan, Agfa, and Bekaert Textiles.
Wuxi NZ is the National Export Base for high-tech products, the National Torch Plan Automobile Electronics and Parts Industrial Base, the National Software Base and the National LCD Industrial Base. In 2008, over one-third of Wuxi’s value-added high-tech industrial output and 90% of the city’s export value of high-tech products was generated in the district. Bosch, Siemens and 33 other Fortune 500 Enterprises have launched R&D centers in the district.
There are diverse funding resources in the new district that have provided financial support to small and medium-sized enter-prises. In 2001, Wuxi High-tech Venture Capital, Little Swan Group, which is a leading home appliance maker in China, and seven other firms injected US$6 million into Suntech Power. Suntech Power is now one of China’s top solar-energy solution providers, and, in 2005, was listed in the New York Stock Exchange. |
| Winning Edge and Limitation |
Winning Edge
- Wuxi has the second-largest economy in Jiangsu, surpassing even the capital city of Nanjing
- Enterprises in the district have strong R&D capabilities. Thirty-five Fortune 500 Enterprises have set up R&D centers in the park
- Financial support for small and medium-sized enterprises is readily available
Limitation
- The district faces strong competition from development zones in Suzhou and Shanghai
|
| The Administration Committee |
Address: Investment Promotion Bureau, Wuxi New District, 5 Tianshan Road Wuxi, Jiangsu, P.R. China, 214028
Tel: 86-510-85221802
Fax: 86-510-85214096
Website: www.wnd.gov.cn |
|
|
|
|
