Shanghai
Shanghai Qingpu Export Processing Zone



    Rating     BBB
    Year of Establishment     2003
    Land Area     16 km2
    Location     Qingpu District, Shanghai
    GDP     N.A
    FDI     US$760 million, 8.4% up
    Utilized FDI     N.A
    Major Investors     Pratt & Whitney, Alpha-Cure, Schlumberger, Unielec, Hitachi, Parlex, BASF, Wafer Works, Sofima, CPS, Gateway Technology
    Major Industies Encouraged     Auto and auto parts, electronic information, new materials, fine machinery, manufacturing equipment
Source: China Free Trade Export Association


Introduction
The State Council approved Shanghai Qingpu Export Processing Zone (Shanghai Qingpu EPZ) as a state-level development zone in 2003. It is the fourth export processing zone in Shanghai and it covers an area of 3 sq km. In June 2010, the district government expanded its area to 16 sq Km to accerate its development. The zone is located in Qingpu District about 20 km from downtown Shanghai. Qingpu District lies southwest of Shanghai, at the intersection point of Shanghai, Jiangsu Province and Zhejiang Province.

Shanghai Qingpu EPZ is easily accessible. It is only a 20-minute drive from Shanghai Hongqiao Airport and a 50-minute drive from Shanghai Pudong International Airport. Shanghai Port, which was the largest seaport in China in terms of container throughput in 2012, is 45 km from Qingpu EPZ.

The zone also has convenient access to railway and road networks. The Shanghai- Nanjing Expressway, the Shanghai-Hangzhou Expressway, the Suzhou-Hongqiao Highway, the Shanghai-Hangzhou Railway, State Highway 320 and State Highway 318 all pass through the zone, connecting it with Nanjing, Hangzhou, Suzhou and other major domestic cities.

Investment Climate
Shanghai Qingpu EPZ encourages investment in automobiles and auto parts, electronic information, new materials, fine machinery, manufacturing equipment and high-tech industries. In 2012, the foreign trade value of the zone reached US$760 million, reflecting a year on year increase of 8.4%, including US$340 million in exports, down 1.1% year on year.

Investors in the zone include Pratt & Whitney, Alpha-Cure, Schlumberger, Unielec, Hitachi, Parlex, BASF, Wafer Works, Sofima, CPS and Gateway Technology. In 2011, the contracted FDI reached US$ 108 million.

French firm Schlumberger, the world-famous oilfield services provider, inaugurated Stage II of Schlumberger Oilfield Equipment (Shanghai) Co Ltd in Qingpu EPZ. With investment totaling US$17 million, the project is expected to generate US$100 million worth of export value.

U.S.-based Pratt & Whitney, a leading company in the design and manufacture of aircraft engines and space propulsion systems, agreed to set up a joint venture called Shanghai Pratt & Whitney Aircraft Engine Maintenance Co Ltd with China Eastern Airlines in Shanghai Qingpu EPZ.

The value-added industrial output of enterprises of the designated size and above in the zone increased 11% year on year to RMB 15.94 billion in 2011. In the first nine month of 2013, the gross industrial output hit RMB4.68 billion.

Investment Cost
 
 
 
 
Winning Edge and Limitation
Winning Edge
  • The zone enjoys convenient access to transportation, as it is close to Shanghai Hongqiao Airport, Shanghai Pudong International Airport and Shanghai Port.
  • Located at the intersection of Shanghai, Jiangsu Province and Zhejiang Province, it has an advantageous geographic location.
  • Many large multinational companies have already set up business in the zone.


Limitations
  • The zone faces competition from other development zones in Shanghai.
  • Operating and labor costs are high.
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