Chongqing
Chongqing New North Zone



    Rating     BB
    Year of Establishment     Dec. 2000
    Land Area     136.6 km2
    Location     Chongqing
    GDP     RMB 55.15 billion, 10.1% up (Jan-Jun 2012)
    FDI     US$740 million (Jan-Jun 2012)
    Utilized FDI     US$1.64 billion
    Major Investors     Ford, Metro, Ericsson, Honda, Visteon, BP, Suzuki, Denso, Kansai, Formosa Petrochemical, etc.
    Major Industies Encouraged     Information technology, bio-pharmaceuticals, automobiles and motorcycles, fine chemicals, new materials, green foods processing, garments, mechanical and electronic integration
Source: Chongqing NNZ


Introduction
Chongqing New North Zone (Chongqing NNZ) was approved and established by the Chongqing municipal government in December 2000 as a municipal-level development zone.

With a land area of 136.6 sq km, Chong-qing NNZ is the largest development zone in the city. Strictly speaking, it is not an industrial park, but a city district. Chongqing Economic and Technological Development Zone-Northern Zone (Chongqing ETDZ-NZ), Chongqing High-tech Industrial Development Zone-Northern Zone (Chongqing HIDZ-NZ), Chongqing Export Processing Zone (Chongqing EPZ) and Chongqing Cuntan Port Zone are under the administration of Chongqing NNZ.

Investment Climate
Chongqing ETDZ-NZ, with a land area of 83.7 sq km, is a vital part of Chongqing NNZ. It is located in the northern part of Chongqing NNZ adjacent to Jiangbei International Airport and Cuntan Container Terminal. The state-level Chongqing EPZ is also located in Chongqing ETDZ-NZ. According to development plans, Chongqing ETDZ-NZ will construct its own Export Processing Zone, Automobile Industry Park, Environmental Protection Industrial Park, Science and Technology Industrial Park, and Central Business District.

Chongqing HIDZ-NZ, with a land area of 50 sq km, is located in the southern part of Chongqing NNZ and is the largest industrial zone of Chongqing High-tech Industrial Development Zone (Chongqing HIDZ). According to development plans, Chongqing HIDZ-NZ will build Chongqing Photovoltaic Industry Base, Chongqing Software Industry Base, Chongqing Medical Device Industry Base and Chongqing New Materials Industry Base.

Chongqing Cuntan Port Zone is also part of Chongqing NNZ. The zone’s construction began in June 2003. Investment in the zone totals RMB 1.5 billion. When the first phase of construction was completed in 2005, the zone had an annual throughput capacity of 200,000 standard containers.

In 2011, Chongqing NNZ’s GDP grew 17% year on year to RMB 36.5 billion, the gross industrial output was RMB 100.3 billion, and accounted for 8.3% of the city’s total. The output from automobile and parts was RMB 86.5 billion and up by 6%. In 2011, the utilized FDI of the zone reached US$1.64 billion, of which, 76% of the investment went to the service sector.

By the end of 2012, Chongqing NNZ had introduced over 3,500 projects, involving total investment of over RMB 126.5 billion. There were 868 foreign-invested companies, and their gross investment totaled US$8.2 billion. Fifty Fortune 500 companies have established a presence in Chongqing NNZ.

In the first half of 2012, the zone’s gross industrial output value rose 10.1% year on year to RMB 55.15 billion, while its utilized FDI for the period totaled US$740 million. Foreign trade value for the period decreased 12.5% year on year to US$1 billion.

Investment Cost
 
Winning Edge and Limitation
Winning Edge
  • State-level Chongqing ETDZ-NZ, Chongqing EPZ and Chongqing HIDZ-NZ are under the administration of Chongqing NNZ.
  • Chongqing’s labor and land costs are low.
  • Various industrial chains have been established in the zone.
  • Chongqing NNZ has a well-developed transportation system.


Limitations
  • It faces strong competition from other development zones in Chongqing and Chengdu, the capital of Sichuan.
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Address:No. 8, Jiaxin Road, Yubei, Chong-qing, P.R. China 401147
Tel: 86- 23- 67521302
Website: www.cnnz.gov.cn
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