Jiangsu
Nanjing Economic and Technological Development Zone



    Rating     AA
    Year of Establishment     1992
    Land Area     13.37 km2
    Location     Nanjing, Jiangsu
    GDP     RMB 55.6 billion (2012), RMB36.67 billion (Jan-Jun 2013)
    FDI     US$4 billion, 28.4% down (2010)
US$4.69 billlion, 42.2% up (Jan-Sep 2011)
    Utilized FDI     US$214 million (Jan-Jun 2013)
    Major Investors     Sharp, Bosch, Siemens, Hannstar, HeeSung Electronics, AO Smith, Radiant, SAC, LG Philips
    Major Industies Encouraged     Electronic information, bio-pharmaceuticals, machinery, new materials
Source: Administrative Committee of Nanjing Economic and Technological Development Zone


Introduction
Nanjing Economic and Technological Development Zone (Nanjing ETDZ), set up in 1992, was approved by the State Council in 2002 with a planned area of 13.37 sq km. It is situated in the northeast suburbs of Nanjing, 5 km from downtown. It is close to Nanjing Port, which handled 121 million tons of cargo, is the country's third largest inland-river port in terms of cargo throughput in 2009 and the country's largest inland-river petrochemical and liquid chemical products transfer port.

The Second Yangtze River Bridge in Nanjing is nearby. The zone is connected to downtown Nanjing and to other major cities by the Nanjing-Shanghai Expressway, the Nanjing-Hangzhou Highway, the Nanjing-Maanshan Highway, the Nanjing-Hefei Highway and the Nanjing-Lianyungang Highway.

It can also be reached by the Nanjing North City Loop Railway, which is linked to the trunk lines of the Jin-PU Railway, the Hu-Ning Railway and the Wan-Gan Railway. Nanjing Lukou International Airport, 50 km away, is within forty minutes' drive of the zone by the Airport Expressway. Currently the airport operates over 75 domestic and international routes.

Investment Climate
Nanjing ETDZ has four functional areas: the industrial area, the bonded warehousing area, the finance and trade area and the comprehensive service area. It consists of Nanjing Export Processing Zone, National Nanjing Xin Gang High-tech Industrial Park, National Cross-Strait Science and Technology Industrial Park, Nanjing Korea Industry Park and Nanjing LG Industry Park.

In 2012, the zone achieved a GDP of RMB 556 billion. The gross added industrial output from the zone exceeded RMB 268.6 billion. In the first six month of 2013, the GDP hit RMB36.67 billion, utilised FDI hit US$214 million, the import value reached US$4.32 billion, and the export value reached US$3.81 billion.

The major industries encouraged in the zone, which include electronic information, biopharmaceuticals, machinery and new materials, contribute more than two thirds of the zone’s GDP. The zone is home to China’s leading flat-panel display manufacturing base, having attracted over 60 manufacturers and related companies to invest US$2.5 billion in total. LG Philips, the world’s leading maker of LCD modules, established its first offshore manufacturing base in the zone with an initial investment of US$77 million. The base is capable of producing 3.6 million modules annually.

By the end of 2012, over 400 foreign-funded enterprises had been set up in the zone, with utilized FDI reaching US$2.9 billion. In 2012 alone, the zone attracted US$850 million contracted FDI.

Investment Cost
 
 
Winning Edge and Limitation
Winning Edge
  • The zone has access to a convenient transportation network.
  • It is close to China’s largest inland-river petrochemical and chemical transfer port.
  • It has access to rich talent and labor sources.


Limitations
  • Nanjing lags behind the neighboring cities of Suzhou and Wuxi in terms of attracting foreign investment and realizing economic development.
  • Operational costs are high compared to costs in central and western regions.
  • Mineral resources are scarce.
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